Barack Obama.

President Barack Obama is considering purchasing an NBA franchise after White House stint

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It seems that everybody wants to get their hands on an NBA franchise at some time or another.

Massive celebrities like Jay-Z and Will Smith have been known to own stakes in their hometown franchises, and Floyd Mayweather has insisted he would like to own an organisation in the future, most likely the L.A Clippers.

But, how about the President of the United States? According to White House press secretary Josh Earnest, that's a distinct possibility for president Barack Obama after he finishes his term in January.

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Earnest said on Wednesday that the president - well known for being a big fan of Chicago sports teams - has "discussed" being part of an ownership group for an NBA franchise, without naming the team in question. Earnest added that Obama would pursue the opportunity "potentially ... under the right circumstances."

The 54-year-old has previously expressed an interest in becoming an NBA owner, telling GQ Magazine in November 2015 that he "absolutely" would want to be part of an NBA ownership group.

"I have fantasised about being able to put together a team and how much fun that would be," he said in the GQ interview. "I think it'd be terrific."


Obama was born in Hawaii and it wasn't until he was 30-years-old that he made his way to Chicago where he would enrol at the University of Chicago Law School and, eventually, go on to be the Illinois State Senator.

However, before arriving in Chicago, Obama had spent time in Kansas as a young child before studying in Los Angeles and New York, so the possibility of where he might target are quite varied, even if he does have passionate ties to the Windy City.

After Obama submitted his financial disclosure in 2012, it was estimated that the 44th president could be worth as much as $10 million. estimated that figure to be closer to $12.2 million back in March of this year, and although that is a big chunk of change by anyone's standards, considering that Donald Sterling sold his 100 percent in the L.A. Clippers to Microsoft CEO Steve Ballmer for $2 billion, how far would Obama's fortune really go?

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There's little doubt that he would have to be a part of a consortium and would need the hard cash of several backers. One would imagine that wouldn't be too hard for Obama to arrange given his experience in funding presidential campaigns and so forth. And that's before considering the powerful, opulent friends he has probably acquired in his position.

It would certainly be an interesting career change for Obama if his dream comes to fruition. The man he succeeded at the White House, George W. Bush, owned a stake in the Texas Rangers baseball team before he ran for office. His original $800,000 purchase was then sold for $15 million five years later - that's an attractive precedent for Obama. That pun was fully, and apologetically, intended.

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