Third NBA owner in a week buys a stake in esports team

Stephen Kaplan, co-owner and vice chairman of the Memphis Grizzlies NBA basketball team, has increased his stake in the esports gaming team The Immortals and is joining the company’s board.
Above: Steve Kaplan of Oak Tree Capital.Image Credit: Oak Tree Capital
The move is the third major move by NBA team owners this week to buy stakes in esports teams. Clearly, the NBA has gotten religion about the potential of video games to become spectator sports.
Kaplan is now a “major shareholde