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WNBA legend Candace Parker wants to invest in the league. The Tennessean reports the WNBA intends to add a 16th team in 2028. A group of investors, including Former Governor Bill Haslam, Crissy Haslam, Pro Football Hall of Fame quarterback Peyton Manning, and entertainers Tim McGraw, Faith Hill, and Parker, have bid for a WNBA team in Nashville, TN, per AP News. The team, named the Tennessee Summitt, would launch by the 2028 timeline and play at Bridgestone Arena. “We believe a WNBA team, based in Nashville, could serve as a beacon for girls and women, young and old, across Tennessee, while also creating more opportunities for sports fans as our community continues to grow,” Haslam explained, according to AP News. As for Parker’s interest in bidding for WNBA ownership, it comes full circle. Her earlier career days include her time as an athlete representing the University of Tennessee women’s basketball team Lady Vols. She attended the school between 2004 and 2008 under the guidance...
Giannis Antetokounmpo is one of the latest athletes to become a minority investor. ESPN reports that the Milwaukee Bucks star has acquired a stake in Major League Soccer (MLS) club Nashville SC . Alongside Antetokounmpo in the group are his brothers and basketball players Thanasis , Kostas, and Alex.
Grammy-nominated producer Tay Keith has been behind some of today’s biggest records. The producer is known for Travis Scott’s and Drake’s “Sicko Mode,” Beyoncé’s “Before I Let Go” rendition, and Moneybagg Yo and Lil Baby’s “U Played,” to name a few. Tay Keith’s success in creating for top artists led him to launch a studio to support people making their own music . However, its location raised questions for outsiders.
Derrick Henry has crossed off a feat shared by few in the NFL with his latest investment. On April 26, the Tennessee Titans player was announced by Nashville SC ownership group’s principal owner John Ingram as one of the Major League Soccer club’s newest minority owners, according to ESPN.
Master P is on to his next business move, but this time it’s in Nashville, TN. While his son Hercy Miller plays for Tennessee State University, the business mogul has his eyes on expanding his restaurant franchise, Big Poppa Burgers, according to BizJournals. As previously reported by AfroTech, Miller committed to playing basketball for Tennessee State University and secured a $2 million NCAA endorsement deal earlier this year. Big Poppa Burgers currently has two locations in the rap legend’s hometown of New Orleans, LA. As Master P’s now a part-time resident of Nashville, he plans for the city to be another area to spark building wealth in the community. “This is like my second home now,” Master P told BizJournals. “I just fell in love with the culture and the people. My son plays basketball for TSU : He’s an A student, majoring in business. I’m in and out and will be able to spend a lot more time here. In New Orleans, I have my Big Poppa Burgers restaurant chain, so I’m looking...
Tyler Perry has provided great financial relief for 85-year-old Anniece Tisdale. According to WSMV-4, Tisdale hired an unlicensed contractor to renovate her East Nashville, TN, home to accommodate her disability and growing family. However, the project took a turn for the worse when the contractor abandoned it altogether after not meeting completion expectations. Tisdale was then left with a home unsafe to live in and thousands of dollars lost. After an interview with the local news station, Tisdale was asked by Sherri Shepherd to appear on her “Sherri” talk show, and was joined by her daughter, Yolanda, who revealed that at least $180,000 had been invested into the home renovation project. Yolanda and her husband both took out personal loans and pooled from savings and credit cards to gather the funds. Yolanda also helped to refinance her mom’s mortgage to pay for the $200,000 in renovations. “We signed the contract in January. We were supposed to be f inished March 31. It was a...
Detroit, MI, native Eminem is joining a list of individuals, such as former NBA players Grant Hill and Chris Webber, to bring a WNBA team to the city, according to Sportico. The 15-time Grammy Award-winning rapper — born Marshall Mathers — is part of a group led by Tom Gores and the Detroit Pistons. “This is an exciting opportunity to welcome the WNBA back to Detroit and bring additional investment and economic activity into the city,” Gores said previously, per AFROTECH™. “For the WNBA, this is home, and our bid represents an unprecedented opportunity for the league to come full circle and effect a long-hoped-for Detroit homecoming. No city is more prepared to embrace the team as a community asset that drives unity and common ground.” According to Sportico, the franchise would play at Little Caesars Arena, which cost $863 million to build and is home to the Pistons and Red Wings. As AFROTECH™ previously reported, Michigan’s largest city had a WNBA team called the Detroit Shock from...
British Formula 1 driver Lewis Hamilton is helping the next generation pursue science, technology, engineering, and mathematics (STEM) careers. In 2021, Hamilton launched Mission 44, a foundation named after his race car number, dedicated to creating equal opportunities for young people worldwide. According to its website, the initiative focuses on advancing education, expanding access to STEM and motorsport careers, and empowering the next generation to reach their full potential. Initiatives include a motorsport scholarship, created in partnership with the Royal Academy of Engineering, that connects students with industry leaders. Recipients include Gerren Ntir, who earned a bachelor’s degree in motorsport engineering and is now pursuing a master’s. He was part of the scholarship’s second cohort. “Having seen the amazing work Mission 44 has been doing throughout the past year, I knew it was something I wanted to become involved in. Now, embarking on my own journey as one of their...
There were great sacrifices that Fawn and Keith Weaver made to ensure that the Uncle Nearest whiskey brand would not fail. Today, Uncle Nearest is recognized as a force within the spirits industry, reflecting the resilience of Fawn, whose story is one of overcoming adversity with triumph. She dropped out of school in 10th grade, bounced between homeless shelters, and attempted to take her life twice. She viewed her struggles as affirmation of a higher calling — one that has materialized into an award-winning whiskey brand that has topped a billion-dollar valuation and is the fastest-growing American whiskey in history, as AFROTECH™ previously reported. The inception of Uncle Nearest resulted from relentless research Fawn conducted in Lynchburg, TN, to uncover the story of Nathan “Nearest” Green. Enslaved at the time, Green was responsible for teaching Jasper Newton “Jack” Daniel how to make whiskey using the technique known as “sugar maple charcoal filtering.” Some call this the...
The number of Black-owned businesses has increased. However, there is still much room for improvement. According to a research study released by the online loan marketplace LendingTree, the data reveals a 22.2% year-over-year increase since 2019. Looking back to 2022, just 3.3% of businesses were Black-owned , and 40% were women-owned. Other trends highlighted in the report show that Atlanta, GA, remains the primary hub for Black-owned businesses. The city has held this distinction for the past three years, with 11.3% of Black-owned businesses traced back to it. Other key cities identified in the report include Fayetteville, NC, Virginia Beach, VA, and Memphis, TN. Conversely, California cities such as San Jose, Oxnard, and San Diego ranked lowest in the number of Black-owned businesses. “When I initially started my entrepreneur journey, there weren’t very many Black founders,” Tiffany Ricks, chief executive of the cybersecurity platform HacWarhe, told Inc. “Now it’s exciting...
Jim Reynolds is leading a vegan beverage brand that generates millions and is backed by notable athletes. Reynolds’ journey as a founder began in 1997. He had already spent several years on Wall Street before deciding to launch Loop Capital, a full-service investment bank, brokerage, and advisory firm that assists corporate, governmental, and institutional clients, according to its LinkedIn page. Inc. magazine reports that it is the largest Black-owned investment bank globally. Various deals have landed on the bank’s table, including one surrounding Coco5, a hydration beverage company. Its products are made with balanced sugars and no artificial dyes or flavors. They are also vegan, gluten-free, caffeine-free, and non-GMO. Inc. reports that as a health-conscious person Reynolds had already developed a taste for coconut water by the ’90, and heard about the company in 2011. He would go on to invest in Coco5 in 2015 and join its board. Over the next decade, Reynolds attracted the...
Former NBA players Grant Hill and Chris Webber are looking to bring a WNBA team back to the city where they once played. According to a press release, an ownership group led by Pistons owner Tom Gores has formed and placed a bid to bring the league to Detroit, MI. The state previously had a team between 1998 to 2009, named The Detroit Shock, which had been quite successful, CNBC reports. In fact, the team won three WNBA Championships. However, the franchise no longer represents the city after first moving to Tulsa, OK, and then to Arlington, TX, where it has played as the Dallas Wings since 2015. Now, a group that includes Hill and Webber is hoping to reignite momentum for the city to regain a WNBA team. This marks a full-circle moment for both Hill and Webber as they both played for the Detroit Pistons at different times during their professional careers. “This is an exciting opportunity to welcome the WNBA back to Detroit and bring additional investment and economic activity into...
A Memphis, TN, restaurant owes NBA star Ja Morant a significant sum of money. Commercial Appeal reports that the Memphis Grizzlies point guard became a brand ambassador for The Wing Guru chain of restaurants in 2022, announcing the partnership via X (formerly Twitter) on March 17, 2022. “Honored to be a Brand Ambassador for @TheWingGuru. I always choose the Guru when I get wings #TheWingGuru #BrandAmbassador #GuruGang,” he wrote on X. The agreement between both parties permitted the restaurant to use Morant’s image for advertising in exchange for a payment of $6,250 a month, adding up to about $75,000 per year. However, according to Commercial Appeal, Morant’s attorneys allege that he had not received any payments starting approximately four months after the contract signing, though the company continued to profit off his likeness in locations such as Nashville, TN; Houston, TX; and Dallas, TX. Morant’s attorneys had sent a letter by November 2022 and requested for “the company to...
A new year is on the horizon, which means more opportunities to connect. AFROTECH™ has strategically rolled out a series of activations designed to empower Black individuals from diverse backgrounds, creating opportunities for them to connect, thrive, and excel. These efforts culminate in the annual AFROTECH™ Conference, which made quite the splash in November 2024, drawing an impressive crowd of over 37,000 attendees to Houston, TX. “We are the architects, the innovators, the disruptors, the builders of tomorrow, and the future is not something that’s happening to us,” Morgan DeBaun, Blavity co-founder and CEO, said during the conference’s welcome ceremony, according to Houston Landing. “It’s something that we certainly can create.” For the upcoming year, you can expect to see a return of the conference and smaller-scale events across various cities to keep the momentum going. Kicking things off is AFROTECH’s MEETUP series, which will return in March 2025. The event draws in...