This is kind of strange. Apparently Roy Disney (Walt’s Nephew) has purchased 80% of the Harlem Globetrotters.
There used to be a Harlem Globetrotters animated cartoon back in the 70’s. I wonder if Roy can bring it back — just kidding.
From The LA Times:
An investment fund led by Roy E. Disney has purchased an 80% stake in the Harlem Globetrotters, the parties said Tuesday.
Shamrock Holdings’ Capital Growth Fund, based in Burbank, said it hoped to develop merchandising and other new revenue sources for the Globetrotters, who have blended basketball and entertainment for nearly 80 years.
Manny Jackson, a former corporate executive who acquired the Globetrotters in 1993 and nursed it back from near bankruptcy, will retain a 20% ownership stake and stay on as the Phoenix-based company’s chairman and chief executive.
The purchase includes the New York Nationals, the squad that has served as the Globetrotters’ opponent and comedic foils since 1995 when the Washington Generals were retired.