Three Middle Eastern investors in discussions to buy NBA team Detroit Pistons
Investment groups in Abu Dhabi, Dubai and Qatar are in separate discussions to buy the Detroit Pistons basketball team, which has been valued at close to $500 million - the National is reporting.
"We are either in direct or indirect discussions with at least three buyers in the Middle East over their interest in acquiring NBA franchises", said David Stern, the commissioner of the National Basketball Association (NBA).
More details from The National follows
December 15, 2010 |
Filed under Middle East Private Equity
Previous Post: Investcorp hosts Dubai hedge funds conference
Next Post: Qatar Holding acquired 9.1% of German construction firm for $527 million