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Johannesburg, July 28
Former US President Barack Obama has purchased a stake within the NBA’s Africa enterprise by way of his basis, the NBA mentioned Tuesday.
Obama can have a minority fairness stake in NBA Africa, a brand new entity arrange this 12 months to run all of the league’s enterprise on the continent.
The NBA mentioned Obama would use any income to fund the Obama Basis’s youth and management packages in Africa.
Obama has been linked to the NBA’s Africa operations since 2019, though it wasn’t clear till Tuesday precisely what his involvement can be.
NBA Africa and world physique FIBA mixed to arrange the primary professional basketball league in Africa. The Basketball Africa League held its inaugural season in Might after being delayed for a 12 months by the coronavirus pandemic. It featured the highest groups from 12 African international locations. — AP
