Report: Harlem Globetrotters are for sale

The Harlem Globetrotters are reportedly being shopped by the team's private equity owner and is likely to fetch $50 to $100 million. (Anthony Au-Yeung/Getty Images)

The Harlem Globetrotters are being sold and could fetch anywhere between $50 million and $100 million, reports Reuters. The team has been owned by a Los Angeles-based private equity firm, Shamrock Capital Advisors, since 2005. The process is in the second round according to sources.

The Globetrotters were founded in 1926, initially as the family investment company of Roy Disney. They are known for their trick shots and comedy routines and have played more than 25,000 games around the world.