Sports
Ice Cube’s 3-on-3 Basketball League Is Expanding to Houston
- New team goes to a pair of investors for $10 million
- League is looking to add new owners as it eyes expansion
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Ice Cube’s 3-on-3 basketball league, the Big3, has sold its third team ahead of a change in format next season.
The new Houston-based team is being acquired by a pair of energy executives in a deal worth $10 million, according to a person familiar with the matter. The investors are Eric Mullins, a former Goldman Sachs executive who now runs oil and gas-focused private equity firm Lime Rock Resources, and Milton Carroll, the former chairman of CenterPoint Energy Inc. and minority owner of Major League Baseball’s Houston Astros.