The Wizards' John Wall is buying an ownership stake in the South East Melbourne Phoenix ( @SEMelbPhoenix) in Australia'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's own Dante Exum of the Cleveland @cavs and the retired trio of Zach Randolph, Al Harrington and Josh Childress as stakeholders in Chaudhari'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'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)