Find out who owns the Indiana Pacers, the owner's net worth, source of wealth and ownership history of the franchise.
The Indiana Pacers are a household franchise in the NBA based in Indianapolis, Indiana, and are members of the Eastern Conference Central Division.
Who owns the Indiana Pacers?
The Indiana Pacers are primarily owned by Herb Simon, who has been the majority owner since 1983.
Indiana Pacers ownership structure
Herbert Simon
Herbert Simon is an American businessman, real estate developer, and co-founder of Simon Property Group. He also owns the Indiana Fever and the Indiana Pacers of the (NBA).
Herb Simon has a net worth of around 5.00 billion.
Steven Rales
Steven M. Rales is an American businessman and film producer. He holds a 20% stake in the Indiana Pacers NBA franchise. According to figures from Forbes, his net worth is around $8.9 billion.
Club Net Worth & Valuation
According to figures from Forbes, the Indiana Pacers are valued at $3.6 billion.
Club Ownership History
The Pacers franchise was founded in 1967 as part of the American Basketball Association (ABA). The team joined the NBA in 1976 following the ABA-NBA merger.
Herb Simon purchased the franchise in 1983 and has been a long-term owner of the team.