Carmelo Anthony, a 10-time NBA All-Star and former professional basketball player, has added a new venture to his entrepreneurial portfolio by becoming a team owner in Australia’s National Basketball League (NBL). In addition to owning a future expansion team, Anthony will also serve as the global ambassador of the NBL’s Next Stars program. The financial details of the partnership have not been disclosed, and it is uncertain which expansion team Anthony will own.
The NBL has been considering expanding domestically for some time now, with potential locations including the Gold Coast and Sydney. Anthony, who recently turned 40, has been actively involved in various business ventures since retiring from the NBA after a 19-season career. He has teamed up with Isos7 to launch a private equity firm and a cannabis-focused agency, among other business endeavors.
By joining the ownership group of an NBL team, Anthony will help promote the league and its Next Stars program as a pathway for top basketball prospects to reach the NBA. Many former and current NBA players, including Kevin Martin, Shawn Marion, and Andrew Bogut, have also invested in NBL teams. The league has gained recognition for its ability to develop young talent and provide opportunities for players to showcase their skills.
The NBL’s Next Stars program has seen success in producing NBA prospects over the years. Players like LaMelo Ball and Josh Giddey have made their mark in the league before moving on to play professionally overseas or in the NBA. Recently, French star Alex Sarr has emerged as a top prospect in the 2024 NBA draft, adding to the program’s reputation for grooming future basketball stars. Larry Kestelman, president of the NBL oversees operations of league’s operations
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