The Wizards& #39; John Wall is buying an ownership stake in the South East Melbourne Phoenix ( @SEMelbPhoenix) in Australia& #39;s @NBL, @NYTSports has learned

Wall joins an ownership group headed by LA-based entrepreneur Romie Chaudhari and featuring several current and past NBA players

The influx of past and present NBA players investing in Australian basketball teams continues:

Wall joins Melbourne& #39;s own Dante Exum of the Cleveland @cavs and the retired trio of Zach Randolph, Al Harrington and Josh Childress as stakeholders in Chaudhari& #39;s @SEMelbPhoenix group

The @BrisbaneBullets are owned by a consortium led by the longtime NBA guard Kevin Martin ... and the @NZBreakers play in the @NBL and are led by an ownership group headed by Miami Heat ex Matt Walsh which also features Shawn Marion

Just last week, Indiana& #39;s Victor Oladipo announced he has also purchased a minority stake in the Breakers to team with Walsh and Marion

Now Wall joins Chaudhari, who also owns minority stakes in soccer franchises in the English Championship ( @SwansOfficial) and @MLS ( @dcunited)