- National Teams
The Daily Express, who named New-York based Global Emerging Markets as the private equity firm behind the money, claim a well placed source questions the validity of the investment firm.
“They say the money is real, but if anyone thinks these guys are the answer they could be in for a shock,” the source alleged.
It was enough to rouse a response from Bball UK, who say people should be “absolutely reassured” the money is real.
“People should be absolutely reassured that the money has been allocated by the investor – something that will be made abundantly clear in any BBALL UK representation to the professional league licence review committee,” they said in a statement.
“We remain committed to working with all the relevant parties within the sport so this opportunity can be seized.”
The reported investment group, Global Emerging Markets, also known as “GEM”, are “a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world,” according to their website.
GEM were unable to be reached for comment.
Image Source: Rupert Ganzer