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Giannis Antetokounmpo Recalls Walking Away From An Adidas Deal That Didn't Fulfill Its Terms To Sign His Brother Thanasis Too

The Antetokounmpo family doesn’t play when it comes to their own. Nike has been a long supporter of Giannis Antetokounmpo and his family since the very beginning of his career in 2013, and it’s also what encouraged the NBA superstar to pass on another endorsement deal with one of the athletic apparel company’s competitors. According to Bleacher Report, during an appearance on the “Thanalysis Show,” Antetokounmpo recalled the moment he decided to walk away from a deal at Adidas because he was in a position where he needed to help support his family. After an initial offer featuring a deal for both Giannis and his brother Thanasis Antetokounmpo, Adidas backtracked on the plan, prompting Giannis to turn down the proposal. “[An Adidas representative] brought the contract and put it in front of me, and I’m like, ‘Okay great, where is my brother’s?’” Antetokounmpo explained, per Bleacher Report. “And he was like, ‘We’re not going to sign your brother’s today. You’re going to sign yours,...

Shanique Yates

Apr 19, 2024

Richelieu Dennis’ Sundial Media Group, Which Is Home To Essence, Afropunk, And More, Acquires Refinery29

Sundial Media Group is adding another media conglomerate to its portfolio. According to a news release shared with AFROTECH™, Richelieu Dennis’ Sundial Media Group (SMG) has officially acquired Refinery29 (R29), a creative digital media and entertainment platform focusing on multigenerational women. The company previously belonged to the Vice Media umbrella. “We’re very excited about the expansive ecosystem we’re building at Sundial Media Group. R29 is an incredible brand with a phenomenal team that will play an important role in reimagining how media serves the need for connection, culture, and commerce in these distinct, but complementary communities of the New General Market,” said Dennis in a press statement. In addition to the acquisition, it has also been announced that Cory Haik will serve as R29 CEO and the company will operate as a standalone business within SMG. “We’ve been admiring the work of this R29 team for a while, and we’re excited to see what they will now do...

Shanique Yates

Apr 19, 2024

In 3 Years Since Joining The Utah Jazz Ownership Group, Dwyane Wade Has Watched Its Valuation Go From $1.75B To $3.46B

Never underestimate the power of a good hobby! Following his retirement from the NBA, Dwyane Wade, like many greats who have since left the league, picked up a new golfing habit, which ultimately led him to become a minority owner in the NBA team Utah Jazz. According to Boardroom, the move made in 2021 by Wade continues to get better with time. When he initially joined the ownership group, the former Miami Heat star saw the team at a valuation of $1.75 billion. Today that number has increased to $3.46 billion, per an April 16 Instagram post by Boardroom. “If people are doubting how far you can go, go so far that you can’t hear them anymore,” said Wade on social media at the time of the deal. “Second act activated.”   View this post on Instagram   A post shared by Boardroom (@boardroom) The Sporting News reports that the deal was made possible thanks to a friendship between the majority owner, Ryan Smith, and Wade that began on the golf course. Smith, a billionaire whose fortune was...

Shanique Yates

Apr 18, 2024

McKinley Thompson Jr. Broke Barriers And Developed Concepts That Led To The Bronco, Mustang And More At Ford Motor Co.

From the time he was a kid, McKinley Thompson Jr. was never afraid to chase his dreams, and now everyone has him to thank for the Ford Bronco that the culture grew to know and love. Thanks to Thompson’s imagination and skill, he made history as the first Black designer to be hired by Ford Motor Co., and his first assignment consisted of working at Ford’s advanced design studio in Dearborn, MI, per the Ford media website. His love for cars first began around age 12 when he spotted a silver-gray DeSoto Airflow in Queens, NY, the neighborhood where he was raised. “It just so happened that the clouds opened up for the sunshine to come through,” Thompson recalled in a 2001 interview that was documented by The Henry Ford. “It lit that car up like a searchlight. I was never so impressed with anything in all my life. I knew that’s what I wanted to do – I wanted to be an automobile designer.” While serving as an Army Signal Corps in World War II, Thompson learned drafting and began work as...

Shanique Yates

Apr 17, 2024

How The McBride Sisters Are 'Changing The Perception Of Wine Being Elitist And Exclusive'

Robin and Andrea McBride have done what most would consider unimaginable within the wine industry, but for them, like most big moments in their lives… every step of the process has been pretty kismet, according to Robin. In 2005, the McBride sisters started their wine journey when they began importing grapes from New Zealand (called Aotearoa by the indigenous Maori people) . By 2009, they began to cultivate juices together, and before they knew it, in 2017, the sisters began producing wine straight from their respective homes in Monterey, CA, and New Zealand under the McBride Sisters Collection label that they are known for today. When recalling what makes her most proud of this journey, Robin honed in on their initial vision and mission for entering the wine industry, and that was “changing the perception of wine being elitist and exclusive.”

Shanique Yates

Apr 11, 2024

Westbound Announces $100M Fund To Be Used To Support Black, Latin And Diversity-Driven Startups

Something new is on the horizon when it comes to investing in companies that are often overlooked and underserved, and these Black founders are helping to lead the charge. According to Forbes , Westbound Equity Partners, a venture capitalist firm spearheaded by former nonprofit director Sean Mendy is on a mission to pour millions into companies led by Black, Latin, and diversity-driven founders. “We aren’t investing in underrepresented founders as this altruistic thing,” Mendy told the outlet. “This fund is about investing in the best companies and performance. Explicit impact is what we’re doing on the foundation side.” Since its inception in 2019, the firm formerly known as Concrete Rose Capital has managed to invest in over 40 startups as well as tap into what Mendy says is “the diversity opportunity,” which provides capital to underrepresented founders, especially Black and Latino companies. What’s more, there is a key focus on startups with goals of serving their communities....

Shanique Yates

Apr 11, 2024

Here's Why Dame Dash's Ownership In Roc-A-Fella Could Be Up For Grabs Within 6 Months

Damon Dash’s shares in record label Roc-A-Fella Records may soon be no more. According to a report by Rolling Stone, despite his estranged relationship with fellow Roc-A-Fella owners — music mogul Shawn “Jay-Z” Carter and Kareem “Biggs” Burke — all have remained connected to the label on paper. However, this could all change soon. The latest development in ownership occurred in February 2024 when “a New York judge ordered Roc-A-Fella Inc. to deliver Dash’s company shares to the US Marshals to satisfy a $823,000 judgment from movie producer Josh Webber and Muddy Water Films.” The judgement was the result of a 2019 lawsuit against Dash led by Webber and the production company, accusing him of defamation and copyright infringement related to the movie, “Dear Frank,” according to Rolling Stone. Dash had been fired as its director and allegedly attempted to sell the movie on his own under a new title, “The List.” Manhattan lawyer Richard Roth of The Roth Law Firm stated that the most...

Shanique Yates

Apr 10, 2024

Diddy Sells All Shares In Revolt, New Owner Remains Anonymous But Reportedly Has 'A Deep Passion For Black Culture'

Months after music executive Sean “Diddy” Combs announced that he was stepping down as chairman of Revolt TV, a music-oriented digital cable television network, the company has been sold to an anonymous buyer. According to TMZ, the Hip-Hop mogul sold all his shares in the company he founded in 2013 alongside Andy Schuon. However, the person who made the purchase as well as the transaction amount remain unknown. The outlet’s sources reveal that the purchaser is said to “share a deep passion for Black culture.” Moreover, a formal introduction of the television network’s new owner is set to be revealed in the next few weeks. While Diddy’s last order of business with the company is selling it, sources say that it is “an amicable deal” and that “everyone’s happy,” per the outlet. As previously reported by Variety, the rapper and record producer launched Revolt TV from the childhood home of his friend and former Bad Boy Records artist, the late great Notorious B.I.G., or simply Biggie....

Shanique Yates

Mar 27, 2024

How Lara Adekoya's Pandemic Hobby Bloomed Into A Brick-And-Mortar Bakery In A Historically Black LA Neighborhood

What started as a hobby during the pandemic quickly launched Lara Adekoya into entrepreneurship, selling cookies to consumers in Los Angeles, CA, including some of Hollywood’s hottest stars, including Issa Rae, Lena Waithe and others. Today, Adekoya is taking things one step further by launching her very first brick-and-mortar for Fleurs et Sel. “I’m really happy and I’m just ready,” Adekoya told AFROTECH™. “I feel like I’ve been ready to make this jump or transition for a while. As you know, it’s not something that’s happened overnight.” In a previous interview with Adekoya,  AFROTECH™ learned the backstory to how she launched her business, which has grown rapidly over roughly four years. Fast-forward to the present day, she says there wasn’t a specific incident that encouraged her to open a bakery, but it will be in a historically Black and brown neighborhood in Los Angeles. “I’m opening in West Adams, which is a historically Black and brown neighborhood in LA that has been...

Shanique Yates

Mar 22, 2024

How Emeline King Made History As Ford Motor Company's First Black Woman Car Designer And Became The Interior Designer For The 1994 Ford Mustang

Meet Emeline King, the woman who developed the interior design of one of America’s most beloved cars. According to the Ford Performance blog, after 80 years of business, Ford Motor Company hired its first Black female car designer, Emeline King, who would soon help the company develop the concept that led to the interior design of the 1994 Ford Mustang. Her father, Earnest O. King Sr. — a Ford Motor Company fabrication specialist — introduced Emeline King to the brand at a very young age. Ultimately, Emeline King “fell in love with the 1968 Ford Mustang” after taking a trip with her father to the auto show; as they say, the rest was history.   View this post on Instagram   A post shared by Something Black Made ® (@somethingblackmade) “I loved to play with toy cars when I was a child. It was an insult to give me a doll,” said King to Ford. King was raised in Detroit, MI, the place dubbed the Motor City for its role in the Industrial Revolution and home to many of the automotive...

Shanique Yates

Mar 20, 2024

Former US Surgeon General Billed Almost $5K For An ER Visit Due To Dehydration, Calls America ‘Home Of The Medical Bankruptcy’

The woes of the American health system have reached one of its former leaders after he received a high medical bill following a visit to the emergency room. According to Fortune, Dr. Jerome Adams, the former 20th U.S. surgeon general and Purdue University’s health equity initiatives director, took to social media platform X (formerly known as Twitter) to share the details of his medical trip to an out-of-town ER facility in Scottsdale, AZ, due to dehydration. The trip resulted in a hefty post-insurance bill. “Yes, folks. THIS is America. Land of the free, and home of the medical bankruptcy,” Dr. Adams told the outlet about the posted photo of the bill. The medical invoice ultimately totaled $4,896.43 after he underwent a few lab tests and three intravenous (IV) bags during his visit, though it’s unknown what was being administered to him in the IV. What’s more, he mentioned that he opted for monthly payments to tackle the large bill, but Dr. Adams knows this is not always an option...

Shanique Yates

Mar 14, 2024

Fat Joe Claims Rolling With A Large Entourage Led Him To Lose $2M Early On In His Career — 'We Fall Into This Trip...When We Try To Help Everybody'

The company you keep can make or break you, and artist Fat Joe found this out the hard way. According to Forbes, Fat Joe shared that he once lost out on $2 million because of the large entourage he rolled with during an earlier part of his career. “We fall into this trap all the time when we try to help everybody, and it’s detrimental to you and your finances,” Fat Joe told the outlet. What’s more, the Bronx native revealed that on a day-to-day basis, he surrounded himself with over 30 people, all of whom he took care of financially. However, Fat Joe’s commitment to his people would take an interesting turn when the chief financial officer (CFO) of a marketing company attempted to contact the “What’s Luv” emcee with an offer to promote a beer company. This offer would quickly fall short. To close the deal, the executive planned to present Fat Joe with a $2 million check “with Fat Joe’s name on the ‘pay-to-the-order-of’ line,” Forbes mentioned. Unfortunately, the business opportunity...

Shanique Yates

Mar 14, 2024

How Encouragement From Bun B Led Derrick Turton To Pivot From The Music Industry To Take On The Restaurant Business

Encouraged by rap-artist -turned-businessman Bun B, Derrick Turton elevated his interest in cooking. Turton, who was born in Brooklyn, NY, moved to Miami, FL, in 1998 and enrolled in culinary school. Upon graduation, he secured his first job as a line cook at a Red Lobster, according to The New Tropic. However, he disdained his time at the restaurant and made his exit. “I thought I was going to be a ‘Top Chef,’ and I got my first job at Red Lobster,” Turton told the outlet. “It was either Mother’s Day or Valentine’s Day, and [orders] were coming out of the register [nonstop]. I was just staring at it, and I was like ‘I’m out.’” He then pivoted, becoming a club promoter, which was his entry into the music scene. As he moved into record label promotion, this put him under the radar of rapper and record executive Luther Campbell, and he began to work for Campbell’s record label, The New Tropic reports. Turton was introduced to Armando Christian Perez, who is widely recognized as...

Samantha Dorisca

Mar 13, 2024

NFL Player Jaylon Smith Is Set To Open First Jinya Ramen Bar On His Former College Campus

It was always bigger than football for Jaylon Smith. Raised in a town like Fort Wayne, IN, Smith connected with his purpose early on, describing himself as a natural-born visionary. By age 11, he developed aspirations of becoming an entrepreneur, following in the footsteps of his mother, who ran a daycare business for 13 years, he told AFROTECH™ in an interview. Yet, that was not his only early-seeded vision. He also hoped to play in the NFL when he was 7, but he knew his calling would extend beyond the field. “I never wanted to be remembered as just being a great athlete,” Smith told AFROTECH™. Sports agent Eugene Parker, who worked with football greats including Deion Sanders, guided Smith and taught him valuable lessons. The two connected through Smith’s grandmother, Parker’s aunt. “I had to take a lot of principles of what I learned from him and just from observing him,” Smith said. “He had a huge impact on a lot of Hall of Famers, a lot of the greats that played the game. So,...

Samantha Dorisca

Mar 12, 2024

Oprah Winfrey's Commitment To The National Museum Of African American History And Culture Remains After Donating Her WeightWatchers Shares To The Institution

In light of recent news that Oprah Winfrey is stepping down from her position on the WeightWatchers board, the media mogul continues to use its impact to uplift the community, according to Variety. Per to a press release shared with AFROTECH™, Winfrey donated her shares of company stock to the Smithsonian’s National Museum of African American History and Culture (NMAAHC) in Washington, DC. “As our largest donor, Oprah Winfrey is, without a doubt, an essential champion of this museum,” said Kevin Young, the Andrew W. Mellon director of the NMAAHC. “Her legacy as a culture icon and supporter is a testament to her steadfast commitment to inspiring the next generation of philanthropists and preserving Black history.” No stranger to putting her support behind the entity, Winfrey made an initial financial pledge to the museum idea in 2007. What’s more, in 2013, per a report by NPR, after she pledged millions of dollars to help break ground to construct the building that now sits on the...

Shanique Yates

Mar 8, 2024