Report: The Harlem Globetrotters are for sale

The private equity owner of the Harlem Globetrotters is reportedly looking to sell the team. (USATSI)

The Harlem Globetrotters are up for grabs -- though it appears they will come with a hefty price tag.

Shamrock Capital Advisors, which took over 80 percent ownership of the team in 2005, is selling the Globetrotters and hoping to fetch better than $50 million, according to Reuters.

The Globetrotters have -- apropos of their name -- traveled the world putting on basketball exhibitions, including a trip to North Korea this past March. Established in 1926, the team has played over 25,000 games, typically roughing up the under-manned Washington Generals.

No one at Shamrock was available for comment, but sources told Reuters the process of the sale was in the later stages.

Show Comments Hide Comments
Our Latest Stories