PDA

View Full Version : Erick Thohir from Indonesia becomes first Asian owner in NBA



satria_muda
10-20-2011, 02:24 AM
Erick Thohir becomes first Asian owner in NBA

http://www.fibaasia.net/UserFiles/FNA20111019112812.JPG

JAKARTA, Indonesia (NBA): President of FIBA Asia subzone SEABA and former president of Indonesian National Federation Erick Thohir on Tuesday was confirmed as the first Asian to own a part ownership of a NBA team.

“This ownership belongs to the entire Asian basketball community,” Thohir told this website in an exclusive interview. Click here for the interview

Thohir’s part in the joint ownership of the Philadelphia 76ers as a part of the group led by Joshua Harris was completed after the approval by the NBA’s Board of Governors.

The 76ers were valued this year by Forbes at $330 million, 17th in the NBA, and have a television deal with cable station Comcast SportsNet through 2029.

The new management bought the group for a reported $280 million. The deal is for 100 percent of the franchise and does not include the NHL's Flyers, also owned by Comcast-Spectacor, or the Wells Fargo Center, which houses both professional franchises.

The Sixers will become a tenant inside the Wells Fargo Center once the NBA ends the ongoing labor dispute, which has already cost the league the first two weeks of the regular season.

Said NBA commissioner David Stern in a statement Tuesday: “We are delighted that the NBA’s has approved the purchase of Sixers.”

“It’s a proud moment for all of us in FIBA Asia that a member of the FIBA Asia family has become an owner in the most popular basketball league in the world – the NBA,” FIBA Asia Secretary General Dato’ Yeoh Choo Hock said.

“I congratulate him on this success and wish him the very best. We hope to make use of his experience with the NBA in promoting the sport better,” Dato Yeoh added.

Source (http://www.fibaasia.net/NewsDetails.aspx?id=1454)

------------------------------------------------------------------------
wasnt there A Chinese man bought a NBA Team couple years a go?

CKR13
10-20-2011, 03:08 AM
Source (http://www.fibaasia.net/NewsDetails.aspx?id=1454)

------------------------------------------------------------------------
wasnt there A Chinese man bought a NBA Team couple years a go?

I believe it was a group of Chinese Businessmen who bought shares from the Cleveland Cavaliers franchise.

http://sports.espn.go.com/nba/playoffs/2009/news/story?id=4202661

Pilyong Husband
10-20-2011, 09:30 AM
http://www.interaksyon.com/interaktv/new-nba-co-owner-thohir-committed-to-southeast-asian-basketball


NHA TRANG CITY – Indonesian media magnate Erick Thohir, who became the first Asian co-owner in the NBA after the sale of the Philadelphia 76ers to a group of investors that included him became official Tuesday, reiterated his commitment to developing Southeast Asian basketball.

Thohir, the president of the Southeast Asian Basketball Asssociation, attended the game between his home country Indonesia and the Energen Pilipinas national youth team in the first round of the FIBA Asia Under-16 Championships in Nha Trang City, Vietnam.

“I’m not here because of my ego or about Indonesia,” he told reporters. “I’m talking about Asia.”

The newly-minted 76ers part-owner expressed his desire to provide opportunities for Southeast Asian countries to play at par with world basketball.

“The (Asean Basketball League) is only one tool, but the NBA may be a bigger opportunity for Southeast Asia,” he said. “I don’t mean just Indonesia or just myself. I look at the bigger picture.”

“Whoever qualifies as a country, there’s an opportunity for them.”

Earlier this year, Filipino businessman Manuel V. Pangilinan was reported to have interest in buying into the NBA as well, with the Sacramento Kings and the Atlanta Hawks rumored to be potential options.

“If that happens, that’s very good. If more Southeast Asian or even Asian people can own something big, we need to support each other,” he said.

“The competition is in the games, not in building opportunities. The more people that can build opportunities for the younger generation, the better for everybody.”

“The more people investing in basketball in Southeast Asia, the better.”

InterAKTV is part of InterAksyon.com, the online new portal of TV5, which is chaired by Pangilinan.

Wow. Quite impressive. Naunahan si MVP. I think this guy is also quite involved with the ABL.

Alex07
10-20-2011, 09:44 AM
it's more likely we're gonna see first Indonesians in the NBA than Pinoys kahit 4th string cheerleaders lang :p

lrangels
10-20-2011, 02:07 PM
Congratulations!, to Erik Thohir for being a part owner of the 76ers. Being a part owner, is he the principal owner (one who owns majority of the stake), or a minority owner? Just curious.

That should be the difference maker on why Mr. Thohir became an owner of an NBA franchise first before Manny V. Pangilinan (MVP). When talks surfaced between as MVP and the Sacramento Kings, MVP wants a majority stake of the team making him the very first Asian not only to own an NBA franchise, but to have majority control.

;)

incredibleSE
10-21-2011, 02:19 AM
I think this is wrong. Magic Johnson sold his shares in the LA Lakers to a well known Thai-American doctor a few years back.

Khalid80
10-22-2011, 05:48 AM
Well Thohir might be the first Asian NBA owner in terms of being pure Asian but if you want to consider otherwise the Maalouf Brothers (owners of Sacramento Kings) who are originally Lebanese could be considered as Asian NBA owners as well :D

Mr. Basketball
10-22-2011, 05:57 AM
Indian businessman Vivek Ranadivé bought stake in the Golden State Warriors in NOV 2010

http://espn.go.com/espn/page2/index?id=6223332

tiburcio
10-24-2011, 12:03 PM
Congratulations for the fortune, for the wisdom and for the people behind Mr. Thohir of Satria Muda, and of Indonesia in general. The ABL is sailing in the right direction and the mediocre Indon players will benefit from this quantum leap (basketball-wise) of this ABL honcho. The Thai players will have bright prospects ahead, and so with the Malay and Singaporean players. Now is the time to play at par with the northern Asian countries like Korea and Japan and China. No need to give morale boost to Filipino players--they're now in the same plateau with China. The Indonesians should be encouraged more, and this Mr. Thohir has just given them the springboard to become potent players.
More power to Mr. Thohir and the Satria Muda and the ABL people!

jacklynch
03-15-2012, 11:59 PM
This is inaccurate.

Vivek Ranadive, Harry Tsao, and Dennis Wong are all partners of the Golden State Warriors. They became official owners on November 15th, 2010.

http://en.wikipedia.org/wiki/Golden_State_Warriors#The_Lacob-Guber_ownership_group