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Former Atlanta Hawks player Dominique Wilkins is attaching himself to a winning cause. According to a news release, the NBA Hall of Famer is now committing his focus to Roots, an Atlanta, GA-based real estate company that offers a model benefiting investors and renters. Per its website, the company will purchase, manage, and rent homes to renters. From there individuals can become investors, and the renters can also opt in if they comply by paying their rent on time and maintaining the property. Since Roots’ launch in 2021, it has raised $33 million from over 6,000 investors to support its mission. Wilkins is now among its investors and also serves as the company’s partner and spokesperson. His intention behind supporting the brand is to create more opportunity in real estate for those frequently marginalized. Looking ahead, Wilkins’ work with the company will include using his likeness in videos and at gatherings to promote Roots and its “Live in it Like You Own it®” proprietary...
Grant Hill has diversified his wealth in team ownership. Hill had previously been a player across four teams in the NBA, and his time would conclude after 19 seasons. He accumulated more than $100 million during his playing days, and his earnings would only continue in retirement, CNBC reports. Atlanta Hawks In 2015, two years following his exit, Hill began sporting a new hat as a team owner. As previously mentioned by AFROTECH™, he became part of an ownership group headed by Ares Management Founder Tony Ressler, which acquired a stake in the NBA’s Atlanta Hawks from the ownership team led by Bruce Levenson, per Bleacher Report. The sale was reportedly valued at $850 million, reports ESPN. What’s more, it has proven to be a great addition to Hill’s portfolio as the team is now worth a staggering $3.3 billion, notes Forbes in 2023. Orlando City Soccer Club And Orlando Pride Hill widened his presence in ownership, alongside his wife, Tamia, becoming limited partners through their...
Entrepreneurship chose founder Veronica Woodruff. At the age of 8, Woodruff convinced her dad to buy bulk candy from the store so she could sell the sweet treats to her classmates. When she hit middle school, she would often win the fundraising campaigns. Her hustling nature stemmed from her family of entrepreneurs. “My grandfather was an entrepreneur. My aunts and uncles are entrepreneurs. I’ve been around a lot of entrepreneurs,” Woodruff told AFROTECH in an interview. When Woodruff was 21 years old, she moved from Monterey Bay, CA, to Atlanta, GA, after her father passed away. What kept her rooted during this transitional period was encouragement from her former college advisor. “I went to college at California State University, Monterey Bay. I remember telling my advisor that I was moving to Atlanta, and he said, ‘Atlanta’s a good city. It’s home of the world’s best Fortune 500 and Fortune 100 companies.’ He said a lot of people come from all over the world to start these...
A serial entrepreneur has shared a story revolving around the early beginnings of 50 Cent building his business acumen. In an Instagram post, Jesse Itzler shared that the rapper and businessman was once an intern for him. According to Itzler’s website, he has built and sold Marquis Jet, Zico Coconut Water, 29029 Everesting , and more. He is also part owner of the NBA’s Atlanta Hawks.
The Atlanta Hawks is continuing its legacy as one of the boldest, and most audacious, pro-Black professional basketball franchises in all of American sports with its latest achievement. According to USA Today, the NBA team announced this past Thursday that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a network of Black-owned banks. “We’re getting a very attractive loan with very attractive terms that we’re proud to have,” said principal owner of the Hawks, Tony Ressler, at a press conference, “and that’s the message that hopefully we can all make quite clear.” Historically speaking, the groundbreaking $35 million loan marks the first time a professional sports franchise has underwritten a significant loan exclusively using Black-owned banks’ credit. “The Hawks are not only the first-in-league with this deal, but are the first in all major league sports,” said ESPN commentator and NFL alumni, Ryan Clark, in a statement. “Banking black is...
The College Park Skyhawks and Tori Miller have made history. Last week, the NBA G League affiliate of the Atlanta Hawks announced Miller’s promotion to General Manager. Along with her new title, she also becomes the first woman to hold the position “in the history of the NBA G League.” “It’s pretty simple. My motivation is that I believe in making the impossible possible,” she told the NBA G League in 2019. “I think that mindset creates opportunities.” Just Announced: Tori Miller has been promoted to General Manager of the Skyhawks. Miller’s promotion makes her the first woman to hold the title of General Manager in the history of the @NBAGLeague . Details & More @ATLHawks hires and promotions: https://t.co/961sIWQPin pic.twitter.com/Zn5MOJM8U4 — College Park Skyhawks (@CPSkyhawks) July 9, 2020 Prior to her new role, the Decatur, GA native spent time as a Basketball Operations Intern for the Phoenix Suns. When she entered the G League, she began her tenure within the Hawks...
This week, the Atlanta Hawks Basketball team and Chase Bank, of JPMorgan Chase, announced a partnership that will enrich the Atlanta area. The joint venture will provide financial initiatives for Atlanta’s many residents and offer resources for underserved communities. While the financial terms of the sponsorship have not been made available, the benefits to the Atlanta community are invaluable. Chase will partner with local nonprofits to provide community members with financial workshops and panels featuring Hawk legends, as well as offer small businesses opportunities for economic growth. In addition, Chase will stimulate Atlanta’s growing economy over the next three years by adding approximately 30 retail branches in the Atlanta area and generating 150 jobs for residents. Chase card members will receive early-purchase options for Atlanta Hawk games, and the team will prominently present Chase signage in its State Farm Arena. Nearly 500,000 people now reside in the Atlanta area ,...