Disney's company buys 80 percent of Globetrotters

9/27/05 - AP via ESPN.com

Disney's company buys 80 percent of Globetrotters

BURBANK, Calif. -- An investment company controlled by Roy E. Disney has bought 80 percent of the Harlem Globetrotters and will help expand the basketball team's merchandising and licensing activities worldwide.

The Shamrock Capital Growth Fund bought the controlling interest from Mannie Jackson, the team's chief executive, who will continue to own 20 percent of the team. Jackson will continue to serve as the team's chairman and CEO.
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