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The Antetokounmpo family doesn’t play when it comes to their own. Nike has been a long supporter of Giannis Antetokounmpo and his family since the very beginning of his career in 2013, and it’s also what encouraged the NBA superstar to pass on another endorsement deal with one of the athletic apparel company’s competitors. According to Bleacher Report, during an appearance on the “Thanalysis Show,” Antetokounmpo recalled the moment he decided to walk away from a deal at Adidas because he was in a position where he needed to help support his family. After an initial offer featuring a deal for both Giannis and his brother Thanasis Antetokounmpo, Adidas backtracked on the plan, prompting Giannis to turn down the proposal. “[An Adidas representative] brought the contract and put it in front of me, and I’m like, ‘Okay great, where is my brother’s?’” Antetokounmpo explained, per Bleacher Report. “And he was like, ‘We’re not going to sign your brother’s today. You’re going to sign yours,...
Apr 19, 2024
Never underestimate the power of a good hobby! Following his retirement from the NBA, Dwyane Wade, like many greats who have since left the league, picked up a new golfing habit, which ultimately led him to become a minority owner in the NBA team Utah Jazz. According to Boardroom, the move made in 2021 by Wade continues to get better with time. When he initially joined the ownership group, the former Miami Heat star saw the team at a valuation of $1.75 billion. Today that number has increased to $3.46 billion, per an April 16 Instagram post by Boardroom. “If people are doubting how far you can go, go so far that you can’t hear them anymore,” said Wade on social media at the time of the deal. “Second act activated.” View this post on Instagram A post shared by Boardroom (@boardroom) The Sporting News reports that the deal was made possible thanks to a friendship between the majority owner, Ryan Smith, and Wade that began on the golf course. Smith, a billionaire whose fortune was...
Apr 18, 2024
A noteworthy investment made by Grant Hill in 2015 has experienced substantial growth.
Dec 8, 2023
Basketball legend and Dallas Mavericks coach Jason Kidd has made investments in two soccer teams located in his hometown.
Oct 31, 2023
Former basketball athlete Grant Hill joins his wife,Tamia, to become limited partners in two sports teams.
Oct 31, 2023
There is one team on Magic Johnson’s radar for ownership outside of the Los Angeles Lakers.
Sep 27, 2023
After departing from the NBA, Udonis Haslem is remaining busy.
Aug 9, 2023
Jay-Z could be looking to take ownership of Tottenham Hotspur F.C., reports say.
Jul 31, 2023
According to sources, the NBA Board of Governors has reportedly approved Michael Jordan’s sale of his majority stake in the Charlotte Hornets to an ownership group led by Rick Schnall and Gabe Plotkin.
Jul 24, 2023
Dwyane Wade is turning his attention toward the WNBA, joining the Chicago Sky ownership group, ESPN reports.
Jul 14, 2023
Michael B. Jordan is continuing to make moves outside of Hollywood.
Jun 29, 2023
Michael Jordan could be involved in one of the most lucrative sales in sports history.
Jun 20, 2023
Big changes are being made in the sports world. Michael Jordan has reportedly agreed to sell his majority stake in the NBA’s Charlotte Hornets for $3 billion, according to ESPN.
Jun 16, 2023
Serena Williams’ daughter Alexis Olympia Ohanian, Jr. has made history once again!
Jun 9, 2023
While Venus and Serena Williams have made sports history on the tennis court, they’ve also made history beyond it. AfroTech previously reported the sisters were the first Black women to become minority investors in an NFL team after securing a stake in the Miami Dolphins.
Jun 1, 2023