VIDEO: Sports Fans Are Freaking Out After Billionaire Former NBA Owner Reveals He’s Buying Up College Football & Basketball Teams For Hundreds Of Millions Of Dollars
Former Milwaukee Bucks owner has set his sights on college teams, having revealed he’s part of what could be a bidding war for stakes in multiple teams.
Lasry, the founder and CEO of Avenue Capital Group, recently suggested that colleges could sell 51 percent stakes in their sports teams and use the money generated from the sales to upgrade their facilities and make NIL investments.
You can see his explanation in the video below: