Carmelo Anthony is interested in owning a stake in an NBA team

Aug 30, 2024 9:21 PM

Denver Nuggets legend Carmelo Anthony expressed his interest in joining a team’s ownership group during his “7PM in Brooklyn” podcast (YouTube link). However, he admitted that he’s unsure of the steps to take to become a minority stakeholder.

“I’m out there trying to raise money now, trying to raise money with my sports fund … it’s hard to raise money,” said Anthony, who earned $250MM+ in NBA contracts over his career.

“… It’s hard to raise money. … And getting people to understand what sports is. It’s so much money being spent into sports, and people really don’t understand it. People really don’t understand sports.

“(The NBA) is a small piece of sports globally. A small piece in the grand scheme of things. This is one market. … That’s North America, they control basketball, but it’s like, they going global with it.”