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Shaquille O'Neal To Sell His Minority Ownership Stake In NBA Team Worth Nearly $1.9B

Shaquille O’Neal may be giving up his NBA team ownership now, but he’s gaining something else in return with his new endorsement deal. According to Clutch Points, the former Los Angeles Lakers player has inked a new deal to become a brand ambassador for premier mobile sports betting app WynnBET that will make him the new face of the brand. As part of his new exclusive partnership, O’Neal is required to sell his minority stake in the Sacramento Kings — which equals out to roughly 2-4% of an NBA team that’s now valued at $1.9 billion (What’s interesting is that the team was reportedly valued at $534 million at the time he became partial owner). However, the idea of this new partnership is to help bolster WynnBET’s profile with the support of a major sports figure. NEWS: Shaq has been named a brand ambassador for @WynnBET and will be the face of advertising campaigns across TV, digital, and print. To comply with NBA rules, Shaq will have to sell his minority stake in the Sacramento...

Aug 10, 2021

How Serial Entrepreneur Ryan Fletcher Turned His Side Hustles Into Thriving Businesses

For many Black entrepreneurs, the true path to economic freedom and independence starts with the launch of a business – but entrepreneurship doesn’t have to stop at one venture. Just take it from serial entrepreneur Ryan Fletcher, a former A&R executive juggling multiple thriving business endeavors. Fletcher — a Brooklyn native and graduate of Purdue University — grew up surrounded by music, so naturally he believed his calling was to get involved in the music and entertainment industry. After working at places like Def Jam Recordings and Downtown Records, he started dabbling in his own side hustles that quickly turned into buzzing businesses like Yacht Club Company — a Black-owned yacht experience based in Tulum — and ECOGAVE — a biodegradable straw company. In addition to helming his own businesses, Fletcher is also one of three co-hosts of the Guys Next Door Podcast — a show that details the experiences of millennial Black men today. All of these ventures are a part of Fletcher’s...

Aug 2, 2021

Entrepreneur Jay Morrison Encourages the Black Community to Tap Into Business-Strong Mindsets

Before founding his growing businesses and organizations, Jay Morrison was busy trafficking drugs through the upper east coast and battling a dangerous lifestyle. That is until he found a way to turn his life around and break into the real estate market. From there, he went on to co-found the first Black-owned real estate crowdfund and a wealth education institution designed to inspire and provide the Black community with the tools they need to succeed. To understand the depth of Morrison’s journey, you must first know his origin story. The proud entrepreneur, co-founder, husband, and father shared his inspiring story of challenges and triumphs that have developed him into the business mogul he is today. His life tells a cautionary tale of turning your obstacles into stepping stones for success. His start from humble beginnings to a now successful businessman is unlike the typical rags-to-riches tale. He encountered many bumps in the road before finding his way. Raised by a single...

Apr 24, 2020