Former President Barack Obama Acquires Stake in NBA Africa

2 months ago 15
PR Distribution

Former U.S. President Barack Obama has acquired a involvement successful the NBA's Africa concern done his foundation, the NBA said Tuesday.

Obama volition person a number equity involvement successful NBA Africa, a caller entity acceptable up this twelvemonth to tally each the league's concern connected the continent.

The NBA said Obama would usage his involvement to money the Obama Foundation's younker and enactment programs successful Africa.

Obama has been linked to the NBA's Africa operations since 2019, though it wasn't wide until Tuesday precisely what his engagement would be. The NBA didn't disclose immoderate financials.

NBA Africa and satellite assemblage FIBA combined to acceptable up a pro hoops league successful Africa. The Basketball Africa League held its inaugural play successful May aft being delayed for a twelvemonth by the coronavirus pandemic. It featured the apical teams from 12 African countries.

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