NBA Starts Talks With Silverbacks on Africa League Franchise (1)

Africa-focused alternative investment firm Silverbacks Holdings is in talks with the National Basketball Association to buy a franchise in its growing league on the continent, Executive Chairman Ibrahim Sagna said.

“The goal of the NBA is to ultimately find 12 buyers for its franchises and we want to be one of those,” said Sagna, who is also a co-founder of the firm. He didn’t disclose more details.

NBA Commissioner Adam Silver said in September that the association plans to sell 12 new teams for its African league as well as the opportunity to build home arenas for them.

Under Silver’s ...