Paul Viera, founder and CEO of Earnest Partners, has increased his stake in the San Antonio Spurs from 5% to 11%. Viera’s recent buyout of Aramark's remaining interest in the Spurs values the team at $2.5 billion, securing the deal at a discount. NBA team valuations continue to rise, driving interest from investors. Viera’s expanded ownership contributes to the growing diversity of NBA team owners.
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00:00It's Benzinga, and here's what's on the block.
00:02Paul Vieira, founder and CEO of Earnest Partners, has increased his stake in the San Antonio
00:07Spurs from 5% to 11%.
00:10Vieira's recent buyout of Aramark's remaining interest in the Spurs values the team at $2.5
00:15billion, securing the deal at a discount.
00:19NBA team valuations continue to rise, driving interest from investors.
00:23Vieira's expanded ownership contributes to the growing diversity of NBA team owners.
00:28For all things money, visit Benzinga.com.