Floyd Mayweather Jr. seriously considering investing in NBA franchise

Floyd Mayweather Jr. has been making headlines recently with his celebrated boxing match with Conor McGregor though more cross-sport stuff could be happening soon. The undefeated boxing champion recently spoke with Earvin “Magic” Johnson and it looks like he will invest some of his million on an NBA team.

Mayweather and Johnson had a meeting and mentioned on his Twitter account that it was high time for him to buy an NBA franchise. He called out NBA team owners who were placing their ballclub on the block and now it will be interesting if any would take him up on the offer.

There is no doubt that Mayweather is an avid basketball fan and he does have the money to show. But investing in an NBA team is quite a huge step, requiring billions.

A good example is Los Angeles Clippers Steve Ballmer. The former Microsoft boss spent US$2 billion (AU$26 billion) for the franchise three years ago. As of January 2017, Forbes listed Floyd Mayweather Jr. as having a net worth of US$340 million (AU$45 million).

Being the businessman that he is, Mayweather’s net worth may not be enough to gain sole ownership of an NBA team. He could end up partnering with some parties or find a way to increase the potential investment.

Mayweather stands to add US$100 million (AU$134 million) to his net worth but that will still lack the necessary funds for him to secure his dream NBA team ownership. The best recourse is finding a partner/s, similar to what Derek Jeter did with the Miami Marlins. Seeing how Mayweather has been managing his businesses, it all really depends on how serious he is about owning an NBA team.

It could be a spur of the moment thing for Mayweather, something he has been notorious for doing in the past. Regardless, the real deal on his dish may take a backseat for now with most eager to see how the Mayweather vs. McGregor bout will turn out.

As of this writing, there is no guarantee that the fight will happen. UFC President Dana White is not ready to commit and whatever date he had in mind is now gone, MMA Junkie reported.

White was on hand when Canelo Alvarez easily defeated Julio Chavez Jr. But the announcement of that September 16 match may have forced White to reconsider, a new hurdle to the super fight which most want to see.

Most feel that a boxing match between Mayweather and McGregor would be one-sided, obviously favoring the “Flamboyant One.” Nevertheless, White is confident the “Notorious” has a good chance over others.

“Anything’s possible when two guys get in and start throwing punches, especially when a guy hits as hard as Conor does, you know?”