List of NBA team owners

Last updated

This article is a list of principal owners of National Basketball Association teams.

The NBA requires a change in "controlling ownership" to be approved by the NBA Board of Governors, composed of one representative (Governor) from each team. [1] Toronto Raptors owner Larry Tanenbaum has been Chairman of the NBA Board of Governors since 2017. [2]

FranchisePrincipal owner(s)GovernorOperating entityEnterprise Valuation (US$ millions)Year became principal owner(s)
Atlanta Hawks Tony Ressler, Grant Hill, [3] Steven Price, Rick Schnall, Sara Blakely, Jesse Itzler Tony Ressler [4] Hawks Basketball, Inc.730 [5] [6] 2015
Boston Celtics Wyc Grousbeck, Stephen Pagliuca, H. Irving Grousbeck, David Bonderman, Jim Breyer, James Pallotta, Glenn Hutchins, Jonathan Lavine Wyc Grousbeck [7] Boston Basketball Partners 360 [8] 2002
Brooklyn Nets Joe and Clara Wu Tsai (85%), Julia, David, Jr., Mary Julia, and John Koch (15%) [9] [10] Joe Tsai [11] BSE Global [9] 2,350 [12] 2019
Charlotte Hornets Gabe Plotkin, Rick Schnall Rick Schnall(rotate with Plotkin every 5 years) [13] Hornets Sports & Entertainment3,000 [14] 2023
Chicago Bulls Jerry Reinsdorf Chicago Professional Sports Limited Partnership16.2 [15] 1985
Cleveland Cavaliers Dan Gilbert Cavaliers Entertainment LLC375 [16] [17] 2005
Dallas Mavericks Miriam Adelson and Patrick Dumont (69%), Mark Cuban (27%), Mary Stanton (4%) [18] Patrick Dumont [19] Dallas Basketball Limited [20] 3,800 to 3,900 [18] 2023
Denver Nuggets Ann Walton Kroenke Kroenke Sports & Entertainment, Denver Nuggets Limited Partnership202 [21] 2000
Detroit Pistons Tom Gores Palace Sports & Entertainment, Detroit Pistons Basketball Company325 [22] [23] 2011
Golden State Warriors Joe Lacob (25%), [24] Peter Guber, Arctos Sports Partners (13%) [25] Joe Lacob [26] GSW Sports LLC450 [27] 2010
Houston Rockets Tilman Fertitta Fertitta Entertainment2,200 [28] 2017
Indiana Pacers Herbert Simon Pacers Sports & Entertainment, Pacers Basketball, LLC10.5 [29] [30] 1983
Los Angeles Clippers Steve Ballmer [31] LAC Basketball Club, Inc.2,000 [32] 2014
Los Angeles Lakers Jeanie Buss, Jim Buss and Johnny Buss, along with siblings in the Jerry Buss family trust. [33] Jeanie Buss [34] The Los Angeles Lakers, Inc.20 & 268 [35] 1979 & 1998
Memphis Grizzlies Robert J. Pera Memphis Basketball LLC377 [36] [37] 2012
Miami Heat Micky Arison (88%); [38] Julio Iglesias, Raanan Katz, Robert Sturges, and Amancio Suarez (12%) [39] Micky Arison [38] Miami Heat Limited Partnership68 [40] 1995
Milwaukee Bucks Wesley Edens, Jimmy and Dee Haslam (25%) [41] Milwaukee Bucks, Inc.3,500 [41] 2014
Minnesota Timberwolves Glen Taylor Minnesota Timberwolves Basketball Limited Partnership88.5 [42] [43] 1995
New Orleans Pelicans Gayle Benson New Orleans Pelicans NBA Limited Partnership338 [44] [45] 2012
New York Knicks James Dolan The Madison Square Garden Company, New York Knicks, Inc.300 [46] 1997
Oklahoma City Thunder Clay Bennett Professional Basketball Club LLC 325 [47] 2006
Orlando Magic Dan DeVos RDV Sports, Inc., Orlando Magic, Ltd.85 [48] 1991
Philadelphia 76ers Josh Harris and David Blitzer Harris Blitzer Sports & Entertainment 287 [49] [50] 2011
Phoenix Suns Mat Ishbia and Justin Ishbia (57%), four minority shareholders, including Jahm Najafi [51] Mat Ishbia (alternate: Justin Ishbia) [51] Unknown4,000 [51] 2023
Portland Trail Blazers Jody Allen Vulcan Inc., Trail Blazers, Inc.70 [52] 1988
Sacramento Kings Vivek Ranadivé, [53] Paul E. Jacobs, Gary E. Jacobs, Hal Jacobs, Jeffrey A. Jacobs, [54] Sacramento Kings Partnership Group (operating entity yet to be named)534 [55] [56] 2013
San Antonio Spurs Peter J. Holt Spurs Sports & Entertainment, San Antonio Spurs LLC76 [57] 1993
Toronto Raptors Rogers Communications (75%), Larry Tanenbaum (25%) [58] Tanenbaum [58] Maple Leaf Sports & Entertainment, Toronto Raptors Basketball Club467 [59] 1998
Utah Jazz 80%: Ryan Smith, Ashley Smith, Ryan Sweeney, Mike Cannon-Brookes; <20%: Miller Family; >1% Dwyane Wade [60] [61] Ryan Smith [62] Jazz Basketball Investors, Inc.1,660 [63] [62] 2021
Washington Wizards Ted Leonsis (100%) [64] Ted Leonsis Monumental Sports & Entertainment [64] 551 [65] [66] 2010

See also

References

General
Specific
  1. ↑ Rainey, James (2014-05-23). "Sterlings plan a shift in Clippers ownership". LA Times . Retrieved 15 June 2024.
  2. ↑ "Toronto Raptors' Larry Tanenbaum reelected as chairman of NBA Board of Governors". NBA . 2022-09-22. Retrieved 15 June 2024.
  3. ↑ "Atlanta Hawks Sold to Tony Ressler and Grant Hill". Bleacher Report .
  4. ↑ "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks". NBA. 2015-06-25. Retrieved 31 May 2024.
  5. ↑ "Atlanta Hawks on the Forbes NBA Team Valuations List". Forbes .
  6. ↑ "Ares's Ressler to Buy NBA's Atlanta Hawks for $730 Million". Bloomberg.com. 22 April 2015.
  7. ↑ Rivera, Gio (2024-02-29). "Wyc Grousbeck Explains How NBA-Best Celtics Came To Be In Offseason". NESN . Retrieved 31 May 2024.
  8. ↑ "Boston Celtics on the Forbes NBA Team Valuations List". Forbes .
  9. 1 2 "Nets Parent BSE Global Valued at $6 Billion as Kochs Land 15% Stake". Sportico . 2024-06-18. Retrieved 9 February 2025.
  10. ↑ "NBA Approves Nets, Liberty Minority Stake Sale to Julia Koch". Sportico . 2024-06-24. Retrieved 9 February 2025.
  11. ↑ "Joe Tsai". NBA . Retrieved 30 June 2024.
  12. ↑ "Brooklyn Nets sale nearly complete, will be worth about $2.35 billion". USA Today .
  13. ↑ "Hornets sale from Michael Jordan to Gabe Plotkin, Rick Schnall finalized". ESPN . 2023-08-03. Retrieved 10 June 2024.
  14. ↑ Maloney, Jack. "Hornets sale approved: Michael Jordan's 13-year run as NBA team owner ends, per report". CBS Sports. Retrieved 29 July 2023.
  15. ↑ "Chicago Bulls on the Forbes NBA Team Valuations List". Forbes .
  16. ↑ "Cleveland Cavaliers on the Forbes NBA Team Valuations List". Forbes .
  17. ↑ "ESPN's Stephen A. Smith says Dan Gilbert wants to sell the Cleveland Cavaliers".
  18. 1 2 "Mark Cuban's sale of Dallas Mavericks unanimously approved by NBA". Dallas News. 2023-12-27. Archived from the original on February 5, 2024. Retrieved 2024-02-05.
  19. ↑ "What to know about Mavericks governor, majority shareholder Patrick Dumont". Dallas Morning News . 2024-02-12. Retrieved 31 May 2024.
  20. ↑ "Investigative Report Alleges Decades of Misconduct Inside Dallas Mavericks Front Office". NBCDFW . 2018-09-19. Retrieved 31 May 2024.
  21. ↑ "Denver Nuggets on the Forbes NBA Team Valuations List". Forbes .
  22. ↑ "Detroit Pistons on the Forbes NBA Team Valuations List". Forbes .
  23. ↑ "Report: Tom Gores Bought Pistons for $325 Million". 3 June 2011.
  24. ↑ "Magic reveals he turned down chance to buy stake in Warriors". NBC Bay Area. 2022-10-25. Retrieved 10 June 2024.
  25. ↑ "Arctos More Than Doubles Warriors Ownership Stake to 13%". Sportico. 2021-12-23. Retrieved 10 June 2024.
  26. ↑ "Joe Lacob". Golden State Warriors . Retrieved 9 February 2025.
  27. ↑ "Golden State Warriors on the Forbes NBA Team Valuations List". Forbes .
  28. ↑ "Houston Rockets on the Forbes NBA Team Valuations List". Forbes .
  29. ↑ "Indiana Pacers on the Forbes NBA Team Valuations List". Forbes .
  30. ↑ "Doyel: Pacers owner Herb Simon reveals succession plan, team's future in Indy".
  31. ↑ ESPN.com (August 12, 2014). "Steve Ballmer new Clippers owner". ESPN.com. Retrieved August 12, 2014.
  32. ↑ "Los Angeles Clippers on the Forbes NBA Team Valuations List". Forbes .
  33. ↑ Markazi, Arash (February 18, 2013). "Buss family won't sell Lakers". ESPN.com. Archived from the original on February 19, 2013.
  34. ↑ "Los Angeles Lakers Governor Jeanie Buss on the time she was a (temporary) Warriors fan". Yahoo Sports. 2023-09-24. Retrieved 10 June 2024.
  35. ↑ "Los Angeles Lakers on the Forbes NBA Team Valuations List". Forbes .
  36. ↑ "Memphis Grizzlies on the Forbes NBA Team Valuations List". Forbes .
  37. ↑ "Tech magnate Pera will buy Memphis Grizzlies". 11 June 2012.
  38. 1 2 Hyatt, John (2023-06-01). "Meet Billionaire Miami Heat Owner Micky Arison, Whose Light Touch Is Behind His NBA Team's Most Recent Finals Run". Forbes . Retrieved 3 February 2025.
  39. ↑ "ARISON FAMILY TAKES FULL CONTROL OF THE HEAT". Sports Business Journal . 1995-01-30. Retrieved 3 February 2025.
  40. ↑ "A Look at the Finances Behind the Miami Heat's Success | HeatHoops". 26 June 2013.
  41. 1 2 Bontemps, Tim (2023-02-27). "Sources: Lasry agrees to sell his stake in Bucks to Haslams". ESPN. Retrieved 10 June 2024.
  42. ↑ "Minnesota Timberwolves on the Forbes NBA Team Valuations List". Forbes .
  43. ↑ "Kevin Garnett Leading Group 'Seriously Interested' in Buying T-Wolves". Bleacher Report .
  44. ↑ "New Orleans Pelicans on the Forbes NBA Team Valuations List". Forbes .
  45. ↑ "Saints owner agrees to purchase Hornets". 13 April 2012.
  46. ↑ "New York Knicks on the Forbes NBA Team Valuations List". Forbes .
  47. ↑ "Oklahoma City Thunder on the Forbes NBA Team Valuations List". Forbes .
  48. ↑ "Orlando Magic on the Forbes NBA Team Valuations List". Forbes .
  49. ↑ "Philadelphia 76ers on the Forbes NBA Team Valuations List". Forbes .
  50. ↑ "How the Value of the Philadelphia 76ers Doubled in Two Years". Forbes .
  51. 1 2 3 Holmes, Baxter (2023-02-06). "NBA board of governors approves sale of Suns, Mercury to Mat Ishbia". ESPN . Retrieved 30 June 2024.
  52. ↑ "Portland Trail Blazers on the Forbes NBA Team Valuations List". Forbes .
  53. ↑ "Maloofs complete sale of Sacramento Kings to Ranadive group - Kings/NBA - the Sacramento Bee". Archived from the original on 2013-06-07. Retrieved 2013-05-31.
  54. ↑ San Diego Tribune: "Jacobs Brothers Finally Getting in the Hoops Business" by Kevin Acee March 30, 2013
  55. ↑ "Sacramento Kings on the Forbes NBA Team Valuations List". Forbes .
  56. ↑ "Maloofs complete sale of Kings to Vivek Ranadive group at record valuation".
  57. ↑ "San Antonio Spurs on the Forbes NBA Team Valuations List". Forbes .
  58. 1 2 "Bell sells ownership stake in Maple Leaf Sports & Entertainment; Rogers becomes majority owner". The Athletic . 2024-09-18. Retrieved 9 February 2025.
  59. ↑ "Toronto Raptors on the Forbes NBA Team Valuations List". Forbes .
  60. ↑ Walden, Eric (2022-08-24). "Miller family sells some of its remaining shares in the Utah Jazz". Salt Lake Tribune . Retrieved 15 June 2024.
  61. ↑ "D-Wade leaps into ownership with stake in Jazz". 16 April 2021.
  62. 1 2 Cohen, Ben (28 October 2020). "Utah Jazz Sold to Qualtrics Founder Ryan Smith for $1.66 Billion". Wall Street Journal.
  63. ↑ "Utah Jazz on the Forbes NBA Team Valuations List". Forbes .
  64. 1 2 "Leonsis takes control of Wizards". Associated Press . 2010-06-10. Retrieved 3 February 2025.
  65. ↑ "Washington Wizards on the Forbes NBA Team Valuations List". Forbes .
  66. ↑ "Capitals owner closes in on purchase of Wizards". 27 April 2010.
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