Current:Home > NewsMavs and Timberwolves play in Abu Dhabi as Gulf region’s influence with the NBA grows -SecurePath Capital
Mavs and Timberwolves play in Abu Dhabi as Gulf region’s influence with the NBA grows
View
Date:2025-04-17 12:16:05
LONDON (AP) — The NBA returns to Abu Dhabi this week as Arabian Gulf countries increasingly use their wealth to establish a foothold with the league.
The Dallas Mavericks and Minnesota Timberwolves play Thursday in the first of two preseason games in the United Arab Emirates capital, but most of the real action is taking place off the court.
Qatar’s sovereign wealth fund is buying a minority stake in the Washington Wizards with the move coming less than a year after the league’s Board of Governors opened the door to such institutional investors.
LeBron James recently visited Saudi Arabia on a trip that came a couple of months after the Los Angeles Lakers star joked on social media that he’d accept the kind of astronomical figures that the Saudis are paying to lure soccer stars.
The Milwaukee Bucks and Atlanta Hawks played preseason games in Abu Dhabi a year ago after the NBA signed a multiyear partnership with the emirate’s department of culture and tourism. It was the first time the league had staged games in the oil-rich Arabian Gulf — also called the Persian Gulf.
“We felt that bringing the live NBA experience to fans in Abu Dhabi was the next step in our ongoing efforts to grow the game in the region,” said Mark Tatum, NBA deputy commissioner and chief operating officer.
The league’s board of governors decided in November 2022 “to permit passive, non-controlling, minority investments in NBA teams by institutional investors, including university endowments, foreign and domestic pension funds, and sovereign wealth funds, subject to a set of policy guidelines adopted at that time,” the NBA said in a statement.
Those investors would then be subject to league review and NBA Board approval.
Qatar Sports Investments, which has majority control of French soccer club Paris Saint-Germain, is buying a roughly 5% stake in the parent company of the Wizards, the NHL’s Washington Capitals and the WNBA’s Washington Mystics. The NBA confirmed that the deal has been approved.
Similar agreements in the future seem likely.
“The value of NBA teams continues to grow year to year, helped by the value of live sports and the global reach of our league,” Tatum said. “We anticipate our teams will receive continued interest from institutional investors around the world.”
Countries in the region like Saudi Arabia, which was implicated in the gruesome murder of a U.S.-based columnist, have faced criticism that they are “sportswashing” their human rights records.
“Playing games internationally is a critical part of our year-round efforts to engage our passionate international fans, many of whom may not otherwise experience an NBA game in-person,” Tatum said, noting the league has staged games — mostly not regular-season ones — in more than 20 countries outside the United States and Canada.
“That doesn’t mean we agree with every law or viewpoint where we play games or engage fans, and we condemn human rights violations wherever they occur,” Tatum said. “We make sure that we stay true to our mission and values everywhere we operate and adhere to guidance from the U.S. government.”
Saudi Arabia, through its sovereign wealth fund, muscled its way into professional golf before spending heavily to recruit soccer players, including Cristiano Ronaldo.
Radio host Dan Patrick asked NBA Commissioner Adam Silver in June if the Saudis have looked to invest in any NBA teams.
“No, not that I’m aware of,” Silver responded. “They certainly haven’t come to the league office.”
The NBA also hasn’t had talks with the Saudis about holding preseason games there, Tatum added.
As part of the Abu Dhabi visit, the NBA will hold youth clinics and host fan events featuring Mavericks and Timberwolves players and NBA greats including Kareem Abdul-Jabbar.
Both preseason games will be at Etihad Arena on Yas Island — where the league opened an NBA Store last year. The second game is Saturday.
The Mavericks then travel to Spain for a preseason game against Real Madrid next Tuesday.
___
AP NBA: https://apnews.com/hub/NBA
veryGood! (8)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Texas Supreme Court hears case challenging state's near-total abortion ban
- Connecticut lawmakers seek compromise on switch to all-electric cars, after ambitious plan scrapped
- Georgia’s state taxes at fuel pumps to resume as Brian Kemp’s tax break ends, at least for now
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Where is parking most expensive? New study shows cheapest, priciest US cities to park in
- Israel compares Hamas to the Islamic State group. But the comparison misses the mark in key ways
- Fake babies, real horror: Deepfakes from the Gaza war increase fears about AI’s power to mislead
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- See Jennifer Garner Hilariously Show Off All of the Nuts Hidden in Her Bag
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Groom kills his bride and 4 others at wedding reception in Thailand, police say
- Ex-prison guard gets 3 years for failing to help sick inmate who later died
- Tina Knowles defends Beyoncé against 'racist statements' about 'Renaissance' premiere look
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Sophia Bush Posts Cryptic Message on Leaving Toxic Relationship
- Savannah Guthrie announces 'very personal' faith-based book 'Mostly What God Does'
- WWE Hall of Famer Tammy ‘Sunny’ Sytch sentenced to 17 years in prison for fatal DUI crash
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Honduran opposition party leader flees arrest after being stopped in airport before traveling to US
Sherrod Brown focuses on abortion access in Ohio Senate reelection race
Australia apologizes for thalidomide tragedy as some survivors listen in the Parliament gallery
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Florida elections security chief lay dead for 24 minutes without help outside Gov. DeSantis' office
Why Penelope Cruz and Salma Hayek Are Bonded for Life After This Airport Pickup Moment
What freshman guard D.J. Wagner's injury means for Kentucky basketball's backcourt