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The 414-foot vessel was the fourth-largest in the world when it was built in 2003. It has gone through an eight-month refit and features 13 cabins two elevators, an eight-person submarine, two helipads and garage space for helicopters and an SUV.
In a memo sent to owners, the league says it’s exploring the potential formation of “a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams.”