Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:For $4.3 Million, A Fund CEO Buys Basketball Rules Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 22, 2010

For $4.3 Million, A Fund CEO Buys Basketball Rules

News summary by MFWire's editors

David Booth, founder and co-CEO of Dimensional Fund Advisors, is now the owner of James Naismith's 13 rules of basketball. Booth purchased the rules for $4.3 million at a Sotheby's auction earlier this month, according to media reports.

David Booth
Dimensional Fund Advisors
Chairman and Co-CEO
The amount is the highest ever paid for an article of sports memorabilia.

"I was hoping to get them for a half-mil," he joked to the Kansas City Star.

So what does Booth plan to do with the rules?

"They should be displayed at Kansas," he told the pub. Growing up, Booth lived on Naismith Drive, studied at Lawrence High and went on to obtain bachelor's and master's degrees from University of Kansas.

As any basketball aficionado would know, Naismith taught at Kansas. Naismith invented the game in 1891 and died in Lawrence in 1939.

"If Kansas comes up with a suitable venue and can convince us they'll properly maintain the document, we'll give it to them," Booth said.

See coverage from The New York Times, the Chicago Sun-Times and BBC

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use