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LeBron James’ partnership with Fenway Sports Group (FSG) continues to work in his favor. Earlier in 2021, AfroTech shared that James and his longtime business partner Maverick Carter became partners of FSG — the owner of Red Sox, Liverpool Football Club of the English Premier League, Roush Fenway Racing and more — and secured an ownership stake in its subsidiaries. On Nov. 29, the National Basketball Association (NBA) legend added the Pittsburgh Penguins to his ownership portfolio after FSG and its partners made the purchase of $900 million for the National Hockey League (NHL) team, Essentially Sports reports. With Fenway Sports Group's purchase of the Penguins, LeBron James' portfolio keeps growing 📈 pic.twitter.com/l1YuBBiz2c — The Athletic (@TheAthletic) November 29, 2021 Currently, FSG is waiting for approval from the Board of Governors of the NHL. They are predicted to seal the deal by the end of 2021.
LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world. The pair had been playing basketball together in high school, and Carter was a trusted figure in James’ life. For that reason he was tapped by the NBA superstar to assist him on the business side as his sports career was taking off. “He betted on me at a time I didn’t know what I was doing,” Carter recalled during an interview on the “ UNINTERRUPTED” podcast . “And, you know, I’m still learning every day. But he really gave me a shot and was like, ‘I’m gonna empower you.'” Since that time, Carter has been a pivotal player in James’ journey to becoming a billion-dollar athlete today. Carter has served as his manager , and they have launched several business together, including SpringHill Entertainment, which merged with British television, film, and music production company Fulwell 73...
Morgan Freeman is a beloved actor , producer, and public figure who has been an instantly-recognizable figure in the entertainment industry for over five decades. The velvet-voiced thespian has given such landmark performances in his day that he’s often associated with god himself, simply because he portrayed the larger-than-life role in the 2003 movie “Bruce Almighty.” According to Celebrity Net Worth , Morgan Freeman has amassed an enormous fortune of more than $250 million. While this nest egg is impressive by any measure, it’s especially incredible as Freeman comes from very humble beginnings, and has lost multi-million dollar figures in disputes such as his 2010 divorce. Any way you slice it, Morgan Freeman’s net worth paints a compelling picture of his longevity, creativity, and resilience, and solidifies his position as an inspiration to us all. Now that the long-standing GOAT of voiceover narration has just celebrated his 87th birthday, this seems like as good a time as any...
Stackwell Capital is working steadfastly to ensure Black Millennials and Generation Z Americans have the tools to create generational wealth. As AfroTech previously told you, the novel application founded by Trevor Rozier-Byrd, will introduce users to educational resources and automated model portfolios. The platform is engineered to empower the community and eradicate misconceptions or fears surrounding wealth building. Rozier-Byrd last told AfroTech that Stackwell Capital was working to adopt new measures that would incorporate financial literacy into Black communities. Stackwell Capital has stayed true to its word. The company has closed a $3.5 million funding round led by Michael Gordon, President of Fenway Sports Group; Jeremy Sclar, CEO and Chairman of WS Development; and The Kraft Group. CMFG Ventures Discovery Fund, Shea Ventures, SSC Venture Partners, Shorehaven Wealth Partners, and Theo Epstein, a consultant to Major League Baseball, also participated in the round, among...
Nearly three years after officially saying farewell to the NFL, Marshawn Lynch has found his way back to the city he once called home while on the field. CNBC reports that the former Seattle Seahawks star is now a minority investor in the NHL’s Seattle Kraken, which is reportedly valued at $875 million. In addition, Lynch is joined by rapper and Seattle native Macklemore. “This is something I never would have imagined,” Lynch said in a press release. “I always dreamed of playing on a professional team but owning one is something special. As I look back on some of my accomplishments — I retired before I was 30 and now being an owner of a professional club at the age of 35 – I’m gonna continue to count my blessings.” Further details of the announcement weren’t released, but it’s said that “minority equity stake deals similar to this are generally for 1% of a team or less.”
At the age of 37, LeBron James is still dominating the NBA, but what will be the next chapter for the legend? Maybe actually owning an NBA team. Back in March 2021, James revealed he had his sights set on becoming an official NBA team owner. “My goal is to own an NBA franchise,” LeBron said, according to Yahoo! Sports . “And it’ll be sooner than later.” According to American sports analyst and podcaster Bill Simmons, LeBron James’ dream may become a reality in Las Vegas, Nevada. While there isn’t any certainty to James’ involvement, there are reports stating that the NBA could expand to Vegas and Seattle at an undisclosed date and the Fenway Sports Group may have their eyes on the Vegas team. “I have some intel,” Simmons said, according to Yahoo! Sports. “I think the league is going to expand to Vegas and to Seattle. And I think the leading contender to get that Vegas team is going to be the Fenway Sports Group. They have Liverpool, they bought the [Pittsburgh] Penguins. They’ve...
LeBron James isn’t afraid to announce that he’s one of the GOATs — but this time, he did it to promote a new tequila bottle. In a press release announcement, it was revealed that the modern NBA legend rocked all of his championship rings — four of ’em! — to promote Lobos 1707 Tequila and Mezcal’s new Extra Añejo tequila bottle, which the champ is seen holding in the photo. “It’s all about the pack!! We here and we ain’t going nowhere!” he wrote in the caption, making reference to the name of the tequila ( lobos means “wolves” in Spanish, and wolves run in packs). “The new bottle, rolling onto shelves later this month, features an elongated, humanesque vessel adorned with the Lobos 1707 wolf logo now molded into the glass. Extra Añejo is the MVP and the crown jewel of the Lobos 1707 tequila portfolio,” reads the press release announcement. Lebron James is an investor in the Lobos 1707 brand, which is an independent spirits producer that blends heritage and innovation. Inspired by his...
Bronny James, the son of NBA superstar LeBron James, is set out to carve out his own lane not only on the court but now in the world of crypto. The digital space has been one of the latest trends — especially non-fungible tokens (NFTs) — and the 17-year-old is on his way to tap in. Boardroom reports that James has filed three trademarks focused on NFTs, gaming, and fashion with the US Patent and Trademark Office. Click here to learn more about NFTs at Afrotech Executive.
Off the court, the majority of LeBron James’ work is rooted in the power of education and empowering the youth. Now, the NBA superstar has yet another partnership in the pipeline that pushes forward what he wants to instill into the younger generation. James has teamed up with crypto exchange Crypto.com for a multi-year partnership to bring Web3 educational and job training resources to inner-city students, Crypto.com revealed on its website.
Maverick Carter has a new mission on his hands with the Red Sox Foundation. In 2021, Carter became a part-owner of the baseball team alongside his business partner LeBron James. Fast forward to less than a year later, and Carter has been appointed to the Foundation’s Board of Directors, according to a press release.
Jay-Z’s entertainment umbrella Roc Nation is exploring the literary world by way of its latest book publishing partnership. Billboard reports that Roc Nation and Random House — a division of Penguin Random House — have both announced a joint venture to launch a new publishing imprint called “Roc Lit 101.” According to an announcement, the imprint will commit to publishing “books at the intersection of entertainment and genre-defying literature, including exhilarating, innovative work from some of the biggest artists and most imaginative and incisive writers of our time on a wide range of subjects such as music, sports, pop culture, activism, and art.” Billboard shares that the new imprint will be lead by Chris Jackson, publisher and editor-in-chief of Random House imprint One World Books, and Jana Fleishman, EVP of Roc Nation. “The goal of RocLit 101 is to provide a creative outlet for acclaimed wordsmiths and artists to share their visions with new audiences,” Fleishman shared in a...
While kids around the world may be at-home practicing social distancing, Michelle Obama still wants to find a way to connect with them through her virtual reading series. The former First Lady is launching a new online children’s book reading series and hosting live sessions every Monday for the next four weeks. During “Mondays With Michelle Obama,” kids at home will have a chance to practice their reading and give parents a break. View this post on Instagram A post shared by Michelle Obama (@michelleobama) “As a little kid, I loved to read aloud. And when I became a parent, I found such joy in sharing the magic of storytelling with my own children—and then later, as First Lady, with kids everywhere,” Mrs. Obama shared in a press release via CBS News . Every Monday at noon Eastern Standard Time, Mrs. Obama will read a different popular children’s book live on PBS KIDS and Penguin Random House social media platforms. This virtual reading series is a part of Penguin Random House’s...
Social media platforms have become a bit of a double-edged sword for businesses. In one sense, they’re essential for marketing your business and driving new traffic to your website and services. Alternatively, any bad press or bad reviews on social media can turn online crowds against you and cause significant reputational damage to your business. Just last year, the Red Hen restaurant in Lexington, VA, received thousands of negative online reviews within days after the owner asked press secretary Sarah Huckabee Sanders to leave . It also resulted in a ripple effect on the town’s local economy, forcing the city government to spend money on digital marketing to boost tourism in the wake of the controversy. The damage went even further. Multiple restaurants by the same name and unconnected to the event also received negative social media attention as a result. Small businesses have some major watch-outs when it comes to social media: Not only can negative attention spread quickly on...
There are many small-business grants specifically catered to women business owners, and we’ve compiled a list of our top recommendations. The number of women-owned businesses in the U.S. has grown 45 percent since 2007, which is five times faster than the national average. As the number of women entering the small-business scene has increased, so have financing options specifically for women business owners. We know how much time can be put into grant applications, so we’ve done some of the research for you. Recommended Databases and Foundations for Women We recommend you leverage free databases and search tools to ensure your search is entirely comprehensive. Although we analyzed more than 100 small-business grants, other grants may fit your business perfectly. GrantsforWomen.org Grantsforwomen.org is the one of the most comprehensive search tools for grants and challenges specifically for women. The site doesn’t have the easiest filtering tool, but it does list dozens of grants...