February 16Feb 16 comment_80132 Economic Corner 13 truth of investing in sport and what do you think of investing in leagues started in 2025? Report
February 16Feb 16 comment_80137 Michael Jordan was majority owner of the Charlotte Bobcats NBA team for 13 years. Jordan's $275 million dollar investment turned into $3 billion dollars when he sold his majority stake. He still has a minority ownership in the team. Magic Johnson is a minority owner of the Washington Commanders NFL team. A few Black folks do invest in sports teams. I'm hoping to see a Black investment group start a sports league &/or own a major league team. Ice Cube has a nice situation with his Big 3 basketball league. There are possibilities.😎 Report
February 16Feb 16 Author comment_80138 @ProfD any thoughts t why black female billionaires or millionaires don't have such high profile sports investments? Report
February 16Feb 16 comment_80145 6 hours ago, richardmurray said: @ProfD any thoughts t why black female billionaires or millionaires don't have such high profile sports investments? Same reason very few white female millionaires & billionaires have high profile sports investments. Men enjoy sports more than women do. Fortunes are built on inheritances, products, goods & services. Entertainment is further down the line.😎 Report
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