John Wall is now involved in basketball team ownership. Not in the NBA of course, but in Australia and New Zealand’s NBL.
According to Marc Stein of The New York Times, Wall will have a stake in the South East Melbourne Phoenix. The group is led by Romie Chaudhari, a Californian entrepreneur who is part of the DC United MLS soccer team’s ownership group.
The Wizards' John Wall is buying an ownership stake in the South East Melbourne Phoenix (@SEMelbPhoenix) in Australia's @NBL, @NYTSports has learned
Wall joins an ownership group headed by LA-based entrepreneur Romie Chaudhari and featuring several current and past NBA players— Marc Stein (@TheSteinLine) November 23, 2020The influx of past and present NBA players investing in Australian basketball teams continues:
Wall joins Melbourne's own Dante Exum of the Cleveland @cavs and the retired trio of Zach Randolph, Al Harrington and Josh Childress as stakeholders in Chaudhari's @SEMelbPhoenix group— Marc Stein (@TheSteinLine) November 23, 2020Wall isn’t the only player with D.