NBA Stock Would've Fallen 5-10% Amid China Tweet Storm

Don Cornwell, a partner at boutique investment bank PJT Partners, joins Scott Soshnick, Eben Novy-Williams and Michael Barr to discuss a host of issues related to the business of sports, including the brouhaha between the National Basketball Association and the government of China, where the first of two scheduled exhibition games between the Los Angeles Lakers and Brooklyn Nets was played today. As part of that discussion Cornwell gets into the league's long-term global prospects and just how much the firestorm over a tweet sent by Houston Rockets General Manager Daryl Morey will affect that franchise and the NBA in the long run. He also discusses franchises values and how they're affected by the Chinese market, and the recent gambling space transaction in which Flutter Entertainment bought The Stars Group. Cornwell has worked on some of the sports world's biggest transactions, including the sale of the Buffalo Bills.Hosts: Scott Soshnick, Eben Novy-Williams and Michael BarrProducer: Bob BraggSee omnystudio.com/listener for privacy information.