Carmelo Anthony, a celebrated basketball icon, is venturing into team ownership within Australia’s National Basketball League (NBL). In an exciting announcement, Anthony revealed his partnership with the NBL, where he will not only join the ownership group of an upcoming expansion team but also take on the role of global ambassador for the league’s Next Stars program.
Though the financial specifics of the deal remain undisclosed, Anthony’s involvement marks a significant milestone in his post-NBA career. While the expansion team he will own has yet to be determined, the NBL has contemplated potential locations such as southeast Asia or domestic expansions in areas like the Gold Coast or Sydney, potentially competing with the Sydney Kings.
Turning 40 last week hasn’t slowed Anthony down. Alongside his new ownership venture, he has immersed himself in various entrepreneurial pursuits. From launching a private equity firm, Isos7 Growth Equity, in partnership with Isos7, to delving into the cannabis industry with Grand National, Anthony’s business endeavours showcase his versatility beyond the basketball court.
Anthony’s engagement further solidifies the NBL’s global appeal, joining a prestigious list of former and current NBA players who have invested in NBL teams. This partnership aligns with the NBL’s commitment to nurturing international talent, particularly through its Next Stars program, which has served as a platform for top prospects aiming to transition to the NBA. Notable talents like LaMelo Ball have emerged from this initiative.
As Carmelo Anthony lends his support to the NBL, the league continues to foster emerging talents, with prospects like French star Alex Sarr projected as top picks in the upcoming NBA draft. The NBL’s dedication to developing international stars, coupled with Anthony’s endorsement and involvement, bodes well for the league’s future under the leadership of President Larry Kestelman.
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