Wyc Grousbeck, the majority owner of the Boston Celtics, recently had discussions with Mubadala Investment Co., a sovereign wealth fund in the United Arab Emirates, about a potential investment in the team.
The discussions occurred during the Celtics' preseason games in Abu Dhabi, which is part of the NBA's annual trip to the UAE capital. This highlights the increasing interest of international investors, particularly from the Middle East, in NBA franchises.
The Celtics' presence in Abu Dhabi not only showcases their global reach but also signifies the growing appeal of the NBA to investors worldwide. This trend is particularly evident in the Middle East, where there is a rising interest in owning NBA teams.