LeBron James Has A Goal To Own An NBA Franchise ‘Sooner Than Later’ — Here Are More Black Stars With Similar Aspirations

  • 3 min read
  • Aug 04, 2022

LeBron James Has A Goal To Own An NBA Franchise ‘Sooner Than Later’ — Here Are More Black Stars With Similar Aspirations

We have seen famous celebrities put their name in the basket to own the sport. However, landing this title requires billions of dollars. Even some of the wealthiest black celebrities are currently ineligible despite their net worth.

Forbes reports that the 50 most valuable teams are worth $3.4 billion, up 9.9 percent from 2020 to 2021 and up 55 percent from the previous six years. According to ESPN, Michael Jordan bought the Charlotte Hornets in 2010 for $275 million, and the team is worth $1.58 billion today.

Since buying a team is often in the $1 billion range, we’ve seen several big names explore minority ownership, mostly over the past two decades. In addition, this route has several advantages. Usher (Cleveland Cavaliers in 2005 for $9 million), Jay-Z (Brooklyn Nets in 2004 for $1 million) and Shaquille O’Neal (guaranteed a five percent stake in the Sacramento Kings in 2013) are just some of the heavy hitters who Minority ownership in teams of the last two decades

As more black stars strengthen their business portfolio, we could potentially see a team owned by a player in the hip-hop community or another athlete. Or perhaps, they could consider pooling their hard-earned cash to form a sports ownership group.

Here is a list of black celebrities who have expressed hope to one day own a team.

Kanye West

Photo credit: John Shearer

Photo credit: John Shearer

Kanye West, who has an estimated net worth of $1.8 billion, previously made headlines earlier this year for his interest in buying the Denver Broncos alongside Antonio Brown.

Brown “When we brought the free agent receiver out in Los Angeles a few days ago, he told us that the goal is still on their mind, and that it’s a legitimate goal, explaining that he and you are “very serious” about making it happen. are.” he told TMZ Sports. tell roger [Goodell] Call me, we’re working on it…we’re working on it.

West also hinted at the possible purchase of the Chicago Bulls on Fivio Foreign’s single “City of Gods” featuring himself and Alicia Keys.

Ye claimed: “After buying the Chicago Bulls, I’m going to link up with Mike.

Rick Ross

Photo credit: Dominik Bindl

Photo credit: Dominik Bindl

As AfroTech previously told you, Ross is worth an estimated $45 million.

Rick Ross previously had his eye on the Miami Heat and Miami Dolphins.

Ross is not simply looking for a title. He also looks forward to the community work he can bring to the city.

“I’d love to buy five percent of the Miami Dolphins, and the biggest asset I think I’ll bring to the team is financial literacy for young people,” Ross said in a video.

He also said he wanted to buy a stake in the Philadelphia 76ers after it became public knowledge that Michael Rubin was looking to sell his minority stake in the Sixers.

Sean “Diddy” Combs

Photo credit: Dia Dipasupil

Photo credit: Dia Dipasupil

According to Celebrity Net Worth, Sean “Diddy” Combs is worth an estimated $900 million.

In 2014, Diddy said he wanted to buy the Los Angeles Clippers, but that didn’t happen. However, four years later, a vision for ownership of the Panthers took hold. Billboard reports that the winning bid of $2.2 went to David Tepper. billion in May 2018.

“I’m more of an owner guy,” Diddy said in 2013, according to Complex. “So I aspire to — it’s going to happen — to be the first African-American majority owner. Not having a small stake but actually owning an NFL team. I think the time has come. Most of the NFL players are African-American, but no African-American owners — “There is no American. So this is one of my dreams.”

It is currently unclear whether Didi still wants to own a team.

James Lebron

Photo credit: Matt Winklemeyer

Photo credit: Matt Winklemeyer

Forbes estimates LeBron James’ net worth at $1.2 billion.

LeBron already owns several teams. As Afrotech reported, James has a partnership with the Fenway Sports Group, which owns the Boston Red Sox, Pittsburgh Penguins and the English Premier League’s Liverpool FC.

Now, he His eyes are on having an NBA franchise.

“My goal is to have an NBA franchise,” LeBron said, according to Yahoo. sports. “And it will be sooner than later.”