www.bloomberg.com
Ice Cube’s Big3 basketball league is nearing deals to sell licensing rights for expansion teams in New York and Arizona after a successful eighth season. The league has entered due diligence with prospective buyers and enlisted Park Lane as advisors. These deals are expected to value each team between $13 million and $20 million, according to co-founder Jeff Kwatinetz. The sales mark a significant step in the league’s growth, allowing for potential expansion and increased revenue.
