Report: Wyc Grousbeck pitched United Arab Emirates wealth fund on stake in Boston Celtics

By Yahoo! Finance | Nov 23, 2024 at 08:07 PM EST

The Boston Celtics visited Abu Dhabi as part of the NBA's global outreach efforts. Team owner met with Mubadala Investment Co., sparking speculation of their interest in NBA ownership. Sovereign wealth funds are sought for liquidity, but their involvement may face limitations due to ownership rules and preferences.

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