Erick Thohir becomes first Asian owner in NBA
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.