Daryl Morey just invested in a new sports league — and it’s probably not what you think
The Sixers president is investing in Major League Table Tennis. But this isn’t the first time Morey expressed interest in the sport.
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With the NBA regular season approaching, 76ers president Daryl Morey is entering into a new venture. This won’t be in the basketball realm, however. Morey announced on social media that he invested in Major League Table Tennis alongside Sixers co-owner David Blitzer.
“Table tennis is one of the most exciting sports to watch, as anyone who’s seen it in the Olympics knows,” Morey said in a press release. “MLTT’s innovative approach is sure to elevate the sport to new heights, and I’m excited to be part of this journey.”
This isn’t the first time Morey expressed interest in table tennis. In fact, he takes his table tennis seriously. As Sixers president, he helped fund Camden Academy’s trip to the youth table tennis national tournament through his partnership with the Battier Take Charge Foundation, which was founded by Shane and Heidi Battier.
During his time as the Houston Rockets general manager, Morey attended a charity event for the Jeremy Lin Foundation where he played former Rockets player Lin in a game of table tennis. Lin didn’t stand a chance against Morey.
MLTT has secured a $5.5 million investment from more than 20 business leaders, including Morey and Blitzer. This investment will help MLTT reach a more national audience and add new teams in new markets. It also will allow the league to sign Olympic-caliber talent from around the world.
MLTT currently has eight teams across the United States. One of the teams, the Florida Crocs, is owned by Hall of Famer Manu Ginobili.