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UNLV HC looking for an "owner" of his team for $12 Million

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Fishjam

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Mar 27, 2016
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Josh Pastner is pitching investors to be the unofficial owner of UNLV basketball for $12M. He says it's much cheaper than owning a NBA team and you will have full access and clout of an owner and a tax write off.

I applaud him for the sales pitch and for reaching out to investors beyond alumni. That's a smart play. What he doesn't say is unlike NBA owners, there is no chance to earn revenue from your team or recoup money by selling the asset down the road. Also doesn't say it but the $12M is likely an annual price tag.

What do you think of this approach?

www.on3.com

Josh Pastner reveals unique pitch to investors involved with NBA's Las Vegas franchise: 'Buy the college basketball team'

UNLV's Josh Pastner revealed his interesting pitch to investors in the NBA's Las Vegas franchise, imploring them to invest in the Rebels.
www.on3.com www.on3.com
 
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PirateBlue08

PirateBlue08

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Jul 25, 2025
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I like the articles use of the word “invest” LOL. Is something with no return potential an “investment” now?
 
NittanyPirate

NittanyPirate

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Feb 18, 2007
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Great idea. If this works I’m going to try to sell ownership of my fantasy football team. I’ll of course still be in charge of (mis)managing it.
 
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H

HallGuy2323

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Jun 3, 2020
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Fishjam said:
Josh Pastner is pitching investors to be the unofficial owner of UNLV basketball for $12M. He says it's much cheaper than owning a NBA team and you will have full access and clout of an owner and a tax write off.

I applaud him for the sales pitch and for reaching out to investors beyond alumni. That's a smart play. What he doesn't say is unlike NBA owners, there is no chance to earn revenue from your team or recoup money by selling the asset down the road. Also doesn't say it but the $12M is likely an annual price tag.

What do you think of this approach?

www.on3.com

Josh Pastner reveals unique pitch to investors involved with NBA's Las Vegas franchise: 'Buy the college basketball team'

UNLV's Josh Pastner revealed his interesting pitch to investors in the NBA's Las Vegas franchise, imploring them to invest in the Rebels.
www.on3.com www.on3.com
Click to expand...

I’ve said this numerous times here. It’s the only logical end for all this. They can say what they want but if a guy comes with $12 million and says he wants part of the revenue, he’s getting it.
 
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T

The Crows Nest

Senior
Jun 3, 2001
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Fishjam said:
Josh Pastner is pitching investors to be the unofficial owner of UNLV basketball for $12M. He says it's much cheaper than owning a NBA team and you will have full access and clout of an owner and a tax write off.

I applaud him for the sales pitch and for reaching out to investors beyond alumni. That's a smart play. What he doesn't say is unlike NBA owners, there is no chance to earn revenue from your team or recoup money by selling the asset down the road. Also doesn't say it but the $12M is likely an annual price tag.

What do you think of this approach?

www.on3.com

Josh Pastner reveals unique pitch to investors involved with NBA's Las Vegas franchise: 'Buy the college basketball team'

UNLV's Josh Pastner revealed his interesting pitch to investors in the NBA's Las Vegas franchise, imploring them to invest in the Rebels.
www.on3.com www.on3.com
Click to expand...
Sounds short sighted and desperate to me.

And as you say, you own NOTHING! lol.

I would change the wording a bit, to "Hey, rent my team for $12 million a year!" Rent vs Buy...and even then you get (basically) nothing for it.
 
Halldan

Halldan

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Staff member
Jan 1, 2003
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'Owner' comments typified resources UNLV needs, Pastner says​


www.espn.com

'Owner' comments typified resources UNLV needs, Pastner says

In a statement posted on the program's social media channels, UNLV coach Josh Pastner on Monday clarified comments he made last week referring to the athletic department seeking out an "owner" for the Rebels men's basketball team in the NIL era.
www.espn.com www.espn.com
 
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jack 1970

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Feb 12, 2022
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PE firms are investing in pro football,basketball and baseball teams.Only a matter of time before they do the same with top college programs.
 
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Fishjam

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