Dyal Capital nears deal for minority stake in Sacramento Kings

CPAC 2021 Day 3 highlights include Rep. Gohmert, Ken Paxton, Gov. Kristi Noem and more

Dyal Capital is nearing a deal to make an investment in the Sacramento Kings National Basketball Association team, according to people familiar with the matter, as the firm works to assemble a portfolio of stakes across the league.

Stocks in this Article

The deal, which could be announced as soon as this week, would give the investment firm a nearly 5% stake in the team at a valuation of $1.5 billion, the people said. (Another person pegged the valuation at closer to $1.8 billion.)

Dyal, a unit of the newly public Blue Owl Capital Inc. is best known for taking minority stakes in private-equity and credit firms. It would do the Kings transaction from its Dyal HomeCourt Partners fund, formed to provide liquidity and growth capital to teams across the NBA.

CHIPOTLE TO GIVE AWAY 130,000 FREE BURRITOS DURING NBA FINALS: HOW TO SCORE YOURS

The deal would be its fund’s…

Read more…