New $7B private equity firm backed by Obama staffers, sports legends and Hollywood vets wants to revive NBA franchise
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Source: New York Post
Published: 2026-08-20 23:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Culture & Entertainment, Media, Business & Economy, Crime & Justice
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Snippet:
Rarely are the words “altruism” and “private equity” found in the same sentence, yet a cross-section of former Obama-era officials, media executives and several professional athletes are endeavoring to rewrite the rules of professional sports investment with the launch of a new $7 billion sports-focused investment fund called Blacksun.
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