Sean "P.Diddy" Combs is following in
the footsteps of fellow mogul Jay-Z and is in talks to purchase an NBA team.
Combs wouldn’t be specific, but said that the
negotiations were serious. He said his chances of owning a piece of a team
in the next 10 years were 100 percent.
"There are two teams I’m looking at,"
Combs said a technology summit hosted by the NBA. "I’m actively looking,
My biggest dream is to own an NBA team."
Combs, whose fortune is valued at over $250 million
dollars, expressed interest in buying the New York Knicks last year, but nothing
came of it.
When told of Combs’ intention of buying a team,
NBA commissioner David Stern said, "I hope he’s saving his money because
the price of buying a team is going to continue to rise."
The price will not be a likely deterrent according
"Other teams should take me seriously,"
Combs said. "I never give up on my dreams and I will do this."