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Sean "P.Diddy" Combs is following in the footsteps of fellow mogul Jay-Z and is in talks to purchase an NBA team.
Combs wouldn't be specific, but said that the negotiations were serious. He said his chances of owning a piece of a team in the next 10 years were 100 percent.
"There are two teams I'm looking at," Combs said a technology summit hosted by the NBA. "I'm actively looking, My biggest dream is to own an NBA team."
Combs, whose fortune is valued at over $250 million dollars, expressed interest in buying the New York Knicks last year, but nothing came of it.
When told of Combs' intention of buying a team, NBA commissioner David Stern said, "I hope he's saving his money because the price of buying a team is going to continue to rise."
The price will not be a likely deterrent according to Combs.
"Other teams should take me seriously," Combs said. "I never give up on my dreams and I will do this."
Source: allhiphop.com
Combs wouldn't be specific, but said that the negotiations were serious. He said his chances of owning a piece of a team in the next 10 years were 100 percent.
"There are two teams I'm looking at," Combs said a technology summit hosted by the NBA. "I'm actively looking, My biggest dream is to own an NBA team."
Combs, whose fortune is valued at over $250 million dollars, expressed interest in buying the New York Knicks last year, but nothing came of it.
When told of Combs' intention of buying a team, NBA commissioner David Stern said, "I hope he's saving his money because the price of buying a team is going to continue to rise."
The price will not be a likely deterrent according to Combs.
"Other teams should take me seriously," Combs said. "I never give up on my dreams and I will do this."
Source: allhiphop.com
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