SBD/Closing Bell

Sources: Globetrotters Owners Shamrock Capital Shopping Team

Sources said that the Harlem Globetrotters "are being sold" by private equity firm Shamrock Capital Advisors, which has owned the team since '05. Sources added that the team "is being shopped" by investment bank Piper Jaffray and that the process is "in the second round, with the team likely fetching" $50M-100M. Shamrock, initially founded as an investment company of Roy Disney, owns 80% of the franchise, which it purchased from former player and Honeywell exec Mannie Jackson (REUTERS, 6/13).
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