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The Official 2020/21 NBA Thread

Two NBA seasons have been hammered by COVID-19, leaving owners and league officials to examine expansion as an option to make up for the revenue shortfall. And that has left them watching a drawn-out sales process of the Minnesota Timberwolves as an indicator for franchise value health. After putting the Wolves on the market in both 2012 and 2015 only to back out each time, longtime owner Glen Taylor announced again in July 2020 that he was selling the team. It has not been a brisk process as firm offers have been tepid, sources said.

– via Brian Windhorst @ ESPN



Valuations put the Wolves in the $1.3-1.5 billion range including debt, sources said, less than Taylor was hoping to fetch. Taylor has been close to a deal with a group led by Daniel Straus but unable to close. Straus remains the favorite but he revised his offer after it was clear fans would not be back in the arena in large numbers this season. Other firm offers have been tepid. “I think Glen was hoping team values were still going up,” one owner said. “I think we’re finding out they may not be right now.”

– via RealGM

 
Former NBA forward Ulysses “Junior” Bridgeman is the new owner of legacy Black media company Ebony after bidding $14 million for it in U.S. Bankruptcy Court. His company, Bridgeman Sports and Media, was announced as the successful bidder for Ebony Media’s assets by a Houston bankruptcy court in December. With the purchase, Bridgeman becomes the latest athlete with ownership in a media company.

– via Front Office Sports

 
Former NBA forward Ulysses “Junior” Bridgeman is the new owner of legacy Black media company Ebony after bidding $14 million for it in U.S. Bankruptcy Court. His company, Bridgeman Sports and Media, was announced as the successful bidder for Ebony Media’s assets by a Houston bankruptcy court in December. With the purchase, Bridgeman becomes the latest athlete with ownership in a media company.

– via Front Office Sports

Never heard of him

that’s cool though really inspiring
 
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