{"id":439575,"date":"2023-07-12T03:58:08","date_gmt":"2023-07-12T07:58:08","guid":{"rendered":"https:\/\/dev.7sport.net\/en\/?post_type=news&#038;p=439575"},"modified":"2023-07-12T03:58:08","modified_gmt":"2023-07-12T07:58:08","slug":"silver-no-sovereign-owners-in-leagues-forthcoming","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/silver-no-sovereign-owners-in-leagues-forthcoming\/","title":{"rendered":"Silver: No sovereign owners in league\u2019s forthcoming"},"content":{"rendered":"<p>NBA commissioner claimed that there is no prospect for sovereign wealth funds to become National Basketball League\u2019s organizations\u2019 owners.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">NBA Comissioner Adam Silver wants to make sure that individuals are the ones that are primarily governing teams as investments by sovereign wealth funds increase. <a href=\"https:\/\/t.co\/5Qu0ir7YFg\" target=\"_blank\">https:\/\/t.co\/5Qu0ir7YFg<\/a><\/p>\n<p>\u2014 The Japan Times (@japantimes) <a href=\"https:\/\/twitter.com\/japantimes\/status\/1678754632808509440?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;I don&#8217;t want to predict the future, but there&#8217;s no reflection right now,&#8221; Adam shared during a question-and-answer session. It\u2019s very crucial to us, putting aside sovereign wealth funds, that individuals are in a position to control our franchises, be accountable to the supporters, be accountable to their sponsors and to the players.<\/p>\n<p>&#8220;It&#8217;s critical to the league that there be a real owner, independent of sovereign wealth funds. To be part of the community, the connection with the players and their other partners in the NBA.<\/p>\n<p>The NBA rules state that sovereign wealth fund can\u2019t own more than 5% of an organization, and the controlling owner must have at least 15%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NBA commissioner claimed that there is no prospect for sovereign wealth funds to become National Basketball League\u2019s organizations\u2019 owners. NBA Comissioner Adam Silver [&hellip;]<\/p>\n","protected":false},"author":4225,"featured_media":439576,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[19717,17837],"news_category":[16706],"gn_keywords":[],"acf":{"video":[],"announce":"Adam shared that no sovereign owners are part of the NBA\u2019s future."},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/439575"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/4225"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=439575"}],"version-history":[{"count":0,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/439575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/439576"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=439575"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=439575"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=439575"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=439575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}