CAZ Investments enters the expanding institutional ownership market with a focus on the final holdout league.
Institutional multiteam ownership is one of the market phenomena that has recently drawn the most attention. The nation's biggest leagues have long prohibited the practice, but barriers are beginning to fall as a result of the urgent need for cash and the skyrocketing franchise costs that have priced out many potential buyers.
Despite the market's relative youth, many early adopters are testing the waters. After becoming the first fund to receive approval to do so in 2019, Dial Capital's Home Court Partners bought modest percentage shares in a number of NBA clubs, including the Atlanta Hawks, Phoenix Suns, and Sacramento Kings.
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