1. Currently no team is officially for sale, but in the last 5 years at least 3-4 teams were acquired, so thinking long term, there will be opportunities to buy

1. Currently no team is officially for sale, but in the last 5 years at least 3-4 teams were acquired, so thinking long term, there will be opportunities to buy a club 2. I think this is the biggest issue - not even that the league won't approve the transaction, but that it won't pass the legal requirements. The owner probably needs to be an individual or a corporation, and DAO is... neither of these. Who knows how it'll change in the next few years though, maybe there'll be a way to fit DAOs into the legal framework. 3. And if this DAO ever raises $1.3b, by that time the cheapest team will be worth $2b! I don't think it'll ever happen in NBA, but maybe some lower division in English football? It would be interesting to see, if some DAO owns a small club to see how the management process would look like in practice.