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With sports on pause, new opportunities to buy stakes in cash-strapped teams could arise

Ballboys wear gloves while handling warmup basketballs as a precautionary measure prior to an NBA game between the Charlotte Hornets and Atlanta Hawks at State Farm Arena on March 9, 2020 in Atlanta, Georgia. Todd Kirkland | Getty ImagesSports teams throughout the country could be on the verge of ownership changes as the coronavirus pandemic continues to impact the economy. Charles Baker, a partner at law firm O'Melveny, told CNBC there are "often one-off conversations" among interested buyers and owners in U. S. big-league teams, as Covid-19 continues to impact revenue streams of league owners. To raise liquidity as other revenue is disrupted, some owners could offer to sell shares of teams, while other shares could become available as current partner look to get out.

Read more at:
https://www.cnbc.com/2020/05/02/with-sports-on-pause-new-opportunities-to-buy-stakes-in-cash-strapped-teams-could-arise.html

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