So, curious about who owns which NBA team and where they play? Most basketball fans are! Owning an NBA team isn't just a game; it's big business. Take Steve Ballmer, for example, the former Microsoft CEO owns the Los Angeles Clippers, and since he took over in 2014, the $2 billion he paid has turned into a goldmine. With his leadership, the team's value has climbed to a staggering $3.3 billion, showing a 65% increase. The Clippers play at the Staples Center, which has a seating capacity of 19,068 and isn't just a basketball haven but a multi-event super venue.
Mark Cuban is another fascinating figure. He bought the Dallas Mavericks for $285 million back in 2000. Since then, Forbes has valued the team at over $2.7 billion, marking a massive investment return. Cuban isn’t just an owner; he’s an active voice, a vocal advocate for both players and fans. The Mavericks’ home court, the American Airlines Center, seats 20,000 and has some of the best facilities in the league. Ever watched a game there? If so, you'd know how electric the atmosphere can get!
Let's not forget the legendary Lakers, owned by Jeanie Buss, who inherited control after her father, Jerry Buss, passed away. The Lakers are worth $5.5 billion, yet despite this immense valuation, Jeanie keeps the team grounded with a family-first culture. They also call the Staples Center home, sharing it with the Clippers. This venue is one of the busiest arenas in the world, hosting over 250 events yearly, a remarkable feat by any standards.
So how about international ownership? That's where Joseph Tsai comes in. The co-founder of Alibaba owns the Brooklyn Nets, having acquired the team for $2.35 billion in 2019. The Barclays Center, where the Nets play, is a modern marvel, seating 17,732 fans and boasting amenities that rival the world's best. Tsai's influence extends beyond just being an owner; he's deeply ingrained in the team's culture and mission.
Then there's Michael Jordan, the GOAT, who owns the Charlotte Hornets. Jordan bought a majority stake in 2010 for $275 million. Although the team's current value is around $1.5 billion, it's still a profitable venture. The Hornets play at the Spectrum Center, with a capacity of 19,077. Jordan’s presence alone raises the team's profile and marketability.
Looking at newer owners, let's talk about Tony Ressler, who owns the Atlanta Hawks. Ressler purchased the team for $850 million in 2015. The State Farm Arena, their home court, has a unique 360-degree seating arrangement, designed to provide an intimate experience for all 16,600 fans. The arena underwent a $192.5 million renovation in 2018, making it one of the most modern in the league.
Did you know that Vivek Ranadivé, an immigrant who started from humble beginnings, owns the Sacramento Kings? He purchased the team for $534 million in 2013. The Golden 1 Center, where the Kings play, is the first indoor sports venue powered entirely by solar energy. With a seating capacity of 17,608, this arena sets the standard for sustainability and fan experience.
Peter Guber and Joe Lacob have transformed the Golden State Warriors into a dynasty. They bought the team in 2010 for $450 million, and it's now worth over $5 billion. The Chase Center, with a capacity of 18,064, is a state-of-the-art arena located in San Francisco. It features world-class technology and offers an unparalleled experience.
Moving to the Midwest, Dan Gilbert owns the Cleveland Cavaliers. He bought the team in 2005 for $375 million. The Rocket Mortgage FieldHouse recently underwent a $185 million renovation and can hold 19,432 fans. Gilbert’s ownership saw the Cavaliers win an NBA Championship in 2016, a historic moment for the franchise.
Lastly, consider Orlando Magic, primarily owned by the DeVos family. The team is currently valued at $1.3 billion. The Amway Center, home to the Magic, seats 18,846 and features a technologically advanced scoreboard and premium seating options. This venue is considered one of the best in the NBA.
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