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Wizards' John Wall Buys Ownership Stake in NBL's South East Melbourne Phoenix

guard has reportedly purchased an ownership stake in the South East Melbourne Phoenix, a basketball team in Australia's NBL, according to Marc Stein of the New York Times.

The ownership group is led by Romie Chaudhari but features other current and former NBA players, including Zach Randolph, Al Harrington, Josh Childress and Melbourne's Dante Exum.

The Phoenix were an expansion team in the 2019-20 season and finished eighth of nine teams.

This article will be updated to provide more information on this story as it becomes available.