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There are clubs that no amount of charm or charisma can get you into. The kind where wealth isn’t enough if it isn’t old, where opportunity depends not on merit but on access, and where the real decisions are made behind velvet ropes and closed boardroom doors. For far too long, the world of professional sports ownership has been one of those clubs. This is where Jaia Thomas and Diverse Representation enter the chat. What started as a digital directory for Black agents and publicists has evolved into a movement to radically shift the face of power in sports and entertainment. Through events like the recent Black Ownership in Sports Symposium in Atlanta, GA, Founder and CEO Thomas is not just asking for a seat at the table. She’s building new tables altogether. The symposium brings together current and aspiring Black owners, investors, and leaders to discuss tangible pathways into one of the most exclusive spaces in business. Paxton Baker was one of the speakers at this year’s...
The year was 2003, and Jay-Z’s iconic “Black Album” would be released on Nov. 14. According to the Grammy Awards website, the album would also be his sixth-straight No. 1 album on the Billboard 200 and was initially signaled to be his retirement project. All of this was riding on the moment of an earlier debut that summer, with the launch of Sean Carter’s 40/40 Club. A New Type Of Night Club Situated in New York, NY’s Flat Iron district, the 40/40 Club was created as a luxury sports bar that doubles as a nightclub. Based on a report from Rolling Stone, the name pays homage to a rare achievement in baseball: hitting 40 home runs and stealing 40 bases in a single season. The nightlife concept saw success. Two years after opening, additional locations opened in Atlantic City, NJ; Las Vegas, NV; Atlanta, GA’s Hartsfield-Jackson International Airport, and Brooklyn, NY’s Barclays Center. “I love sports,” Jay-Z said via Flatiron Nomad. “[I] wanted to create an environment that is conducive...
Founder Mateus Chipa wants the Black community to be more involved in space exploration. According to a Scripps News report of the 360 astronauts enlisted with the National Aeronautics and Space Administration (NASA), just 18 had been Black astronauts as of Feb 5, 2024. For Chipa, he believed that to increase representation and empowerment it would be necessary for an influential Black entrepreneur to launch a company to break down barriers. According to his website, he waited eight years for Black leaders to step forward. In frustration after that time had passed, he decided to take matters into his own hands and established Theby Space Services (TSS) , a Black-owned private rocket company. “TSS came in a place of a lot of frustration, a lot of accountability and responsibility…For the last 10 years, I’ve been frustrated because I haven’t seen any Black nation or individual talking about going in a space,” Chipa said in a video shared on YouTube. “I’ve been asking myself why? Why...
Mr Eazi is taking greater control in the gaming sector. Music In Africa reports the Nigerian musician, born Oluwatosin Ajibade, has launched Choplife.ci, a venture that will offer casino games as well as cater to the sports betting industry. Responsible gaming practices and reinvestment in African creativity and sports development are also benchmarks for the company, the outlet notes. The launch of Choplife.ci will piggy-back off the strength of Mr Eazi’s knowledge since he first supported betting company betPawa as a brand ambassador in 2017. The company has involvement in countries such as Cameroon, Democratic Republic of the Congo, Ghana, Kenya, Nigeria, Tanzania, Uganda and Zambia, per Graphic Online. Mr Eazi’s role with the company eventually scaled to ownership through its parent company, with roles such as investor, shareholder, and licensed operating partner. View this post on Instagram A post shared by Choplife Côte d’Ivoire (@choplife.ci) Now, Mr Eazi is set to further...
Nicki Minaj has become known for having a ride-or-die fanbase, “the Barbies” — also known as “the Barbz.” To honor her loyal supporters, Rap Snacks partnered with the Harajuku Barbie in June for her own edition of Rap Snacks, The Barbie-Que Honey Truffle Potato Chips, as previously reported by AfroTech. “Nicki Minaj is unquestionably one of the most disruptive forces in the history of rap. You’re talking about a woman who rewrote the rules of hip hop culture and happens to be a phenomenal entrepreneur, as well,” Rap Snacks CEO James Lindsay said in a release at the time of the launch, according to PEOPLE. “It just makes sense that as a brand disrupting the snack industry, we align to push the bar even further. This is the beginning of a legendary partnership.” But it appears that what started as “legendary” has turned into a legal battle.
Jack Harlow tried to keep up with Drake and his betting at the Kentucky Derby — and it didn’t work out so well for him. HipHopDX reported that the two rappers — who collaborated on Harlow’s sophomore album on a song called, interestingly, “Churchill Downs” — went to the famous horse race earlier this month. And Harlow, being who he is, decided he’d try to keep up with the 6 God and his various bets. Unfortunately, however, Harlow found out — the hard way — that Champagne Papi is in a class all by himself. “I did, I lost a lot of money,” Harlow said. “I just told Drake I would bet what he bet, so I copied him.” View this post on Instagram A post shared by Jack Harlow (@jackharlow) Despite losing his proverbial shirt, it seemed like Harlow had a good time at the horse race while hanging out with one of the smoothest rappers in the game. He even credited Drake as being one of his Hip-Hop idols growing up. “Drake is one of the people who literally taught me how to rap; him, Wayne,...
Jay-Z may no longer be in a New York state of mind. As AfroTech previously reported, the billionaire business mogul made a move to open a New York sportsbook in partnership with sports e-retailer Fanatics, making a bid with the New York State Gaming Commission back in August 2021. Now, according to 1010 WINS, the state’s gambling commission has approved nine mobile sports betting operators for the state, but neither Jay-Z-backed Fanatics nor Barstool Sports’ Penn Sports Interactive was recommended for a vote by the state. Thomas DiNapoli, the State’s comptroller, said that he estimates mobile sports gambling could bring in an excess of $500 million by 2025 to the state. But, it should be noted, the nine companies that were approved — including DraftKings, FanDuel, and BetMGM — have agreed to pay a tax rate of 51 percent to the state of New York to operate their companies in the state. So, perhaps this can be considered a “blessing in disguise” of sorts. Casinos and mobile companies...
Michael Jordan has been a household name for over 35 years for his supreme athleticism and motivational outlook on life and success. He’s considered to be one of the greatest NBA players of all time and has become the wealthiest former professional athlete in the world with an estimated net worth of $1.6 billion, according to Forbes. Jordan played 15 seasons in the NBA and won six championships with the Chicago Bulls. During that stint, his total salary was $90 million. As an athlete, Jordan made history when he brokered a Nike endorsement deal for $500,000 per year plus stock in the company, according to Celebrity Net Worth. Jordan became a major influence on the success of the brand’s sneaker sales and went on to build the billion-dollar Jordan shoe brand. Today, he reportedly makes $4 per shoe sold totaling up to $120 million annually. Since retiring in 2003, he has made over $100 million per year from endorsement royalties and partnerships with Nike. In addition, he’s also had...
We love to see it! Sports betting operator, DraftKings just announced the appointment of Valerie Mosley and Jocelyn Moore to its board of directors. According to a press release , the ladies will join NBA legend, Michael Jordan , who has just been named as the board’s Special Advisor. “I am very much looking forward to working closely with both Valerie and Jocelyn as we continue to grow DraftKings,” said Jason Robins, the company’s co-founder, chairman of the Board, and CEO in a press statement . “They each bring a unique skill set that will complement those of our existing members while simultaneously bringing new perspectives and ideas to the table.” Prior to joining DraftKings, Moore served as the executive vice president of Communications and Public Affairs for the National Football League and currently holds the seat as the Executive-In-Residence at The Gathering spot in Atlanta. “I am thrilled to serve on the DraftKings’ Board of Directors. With its innovative and engaging...
NBA legend Michael Jordan is expanding his business prowess as a newly tapped “special advisor” on the board of directors for DraftKings , the fantasy sports and sports betting company. Also, he’s set to receive an undisclosed equity stake, according to USA Today . CNN reports DraftKings adding Jordan’s name to the company’s stake raised their stocks significantly, sending shares around 6 percent higher in early trading. “Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur,” said Jason Robins — DraftKings co-founder and CEO — in a press statement . “The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team.” Forbes reports that effective immediately, Jordan will step into his new role to provide “guidance and strategic advice to the board of directors on key business initiatives undertaken by the sports technology and entertainment...