Roy E. Disney and Stanley P. Gold acquired an 80 percent stake in the Harlem Globetrotters through their Shamrock Capital Growth Fund, the Burbank-based investment entity the two founded.
Mannie Jackson, former owner and chief executive of the basketball team, will retain 20 percent. Terms of the deal were not disclosed.
Despite its name, the team originated in Chicago. It later moved to Hollywood and has been in Phoenix since Jackson moved it there in 1995. The team will remain there, with Jackson continuing as chairman and chief executive.
Shamrock said it plans to increase international visibility and awareness of the Globetrotters. The team has played in 117 countries and will celebrate its 80th anniversary next year. It was inducted into the Naismith Basketball Hall of Fame in 2002.
Roy Disney is the nephew of Walt Disney Co. founder Walt Disney. He and Gold resigned from Disney's board in December 2003 and began a crusade to force then-Chairman and Chief Executive Michael Eisner to resign.
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