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Step 1: Get a detailed value of the franchise. For example, the current estimated value of the Los Angeles Lakers is around $550million.

Step2: Gather enough investors to buy a major share of the team, usually in a piecemeal (so, buying the shares/team piece by piece).

Step 3: Submit an offer to the current ownership, generally done through the NBA League Office (specifically, the Office of the Commissioner)

Step 4: Make the offer, put up the cash, purchase the team

Step 5: Run the team, make sure everyone is properly paid, continue increasing the value of the team once owned.

Step 6: Sell the team when you are ready to sell it or it can't stay solvent.

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15y ago

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