Harlem Globetrotters Being Sold for$50 - $100 mil

[froggle]

The Harlem Globetrotters are being sold and could fetch anywhere between $50 million and $100 million, reports Reuters. The team has been owned by a Los Angeles-based private equity firm, Shamrock Capital Advisors, since 2005. The process is in the second round according to sources.


The Globetrotters were founded in 1926, initially as the family investment company of Roy Disney. They are known for their trick shots and comedy routines and have played more than 25,000 games around the world. Former players include Wilt Chamberlain and Meadowlark Lemon, and the team was also featured on a Saturday morning cartoon show in the 1970s. The Globetrotters recently gained additional attention after taking a trip to North Korea alongside Dennis Rodman in March.

How are they worth so much?

 

[gho3st]

How are they worth so much?

They always draw big crowds. and the name Harlem Globetrotters is known around the world.


Imagine them being an actual NBA team(not the players but the GLobetrotters brand)

 

[SoulController]

they play games in the Wildwood, NJ Convention Center

id have to see a breakdown of that evaluation, they play in front of really tiny crowds these days (at least i thought they did)

 

[tremonthustler1]

they play games in the Wildwood, NJ Convention Center

id have to see a breakdown of that evaluation, they play in front of really tiny crowds these days (at least i thought they did)

it depends on where. I'd probably say the Globetrotters are bigger overseas than in America. They probably go to China and cake up, having 20,000 chinese people like

 

[nalej]

remember the cartoon they used to have though?

 

[Amare's Right Hook]

Do it Mitch

 

[beenz]

I wonder how much the washington generals go for.....

I mean cuz you can't just by the globetrotters cuz they'd have no opponent.

 

[Black White Sox Hat]

what if someone bought them and let them generals win

 

[SoulController]

I wonder how much the washington generals go for.....

I mean cuz you can't just by the globetrotters cuz they'd have no opponent.

http://www.sonydefenseforce.com/wp-content/uploads/2013/02/shyt-JUST-GOT-REAL-GIF.gif

 

[beenz]

why are the globtrotters worth more than all of the WNBA teams combined ????

 

[charknicks]

why are the globtrotters worth more than all of the WNBA teams combined ????

You answered your own question, man. Its the WNBA.

[ame="http://www.youtube.com/watch?v=3FGI7R0u3TQ"]WNBA Live 2008 - YouTube[/ame]

 

[HookersandIceCream]

Thats alot of money for a side show kind of brand/team

 

[Juven]

remember the cartoon they used to have though?

i remember the scooby doo episode

 

[madness]

harlem globetrotters brand is recognizable throughout the world, sort of like ringling bros. basically a family-friendly circus that just happens to take place on a basketball court.

 

[QuintessentialBM]

I believe the Globetrotters are white owned now...