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Michael Rubin
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Rick Ross is still aiming to accomplish his goal of becoming an owner of a pro sports team. Just a few weeks ago, Rozay expressed interest in purchasing a five percent stake in the Miami Dolphins. Should @MiamiDolphins sell me 5% stake in the organization? If so,what would the upside be for both sides or vice versa?? — Yung Rénzél 👑 (@RickRoss) June 6, 2022 Now, Ross has made it known that he wants dibs on purchasing a ten percent ownership stake in the Philadelphia 76ers in a comment via Instagram that read, “I’ll buy his 10% lol.” View this post on Instagram A post shared by 2Cool2Blog (@2cool2bl0g)
Fanatics, Michael Rubin’s online sports company, has brought together a star-studded group of investors to transport Mitchell & Ness into the present day. On Feb. 18, it was announced that the legendary sports goods brand had been acquired for $250 million, Sportico reports. The recent deal included investments from Jay-Z, Maverick Carter, Meek Mill, Lil Baby , and the D’Amelio family. The breakdown of the ownership is Fanatics takes 75 percent of Mitchell & Ness, while the other investors get 25 percent, according to The New York Times. Mitchell & Ness has previously been a staple in the clothing industry, especially for streetwear fashion. Just as brands such as Diddy’s Sean John are working to make a comeback, the investors are bringing new energy to the brand that’s been missing. “Fashion is cyclical, but classics are forever,” Jay-Z said in a statement. “Mitchell & Ness is a true classic. I was an early adopter of this brand, as well as a part of a departure from athletic wear....
These Philadelphia natives are giving back to the community in a huge way. According to information shared exclusively with AfroTech, Philadelphia 76ers partner Michael Rubin has teamed up with Meek Mill and Kevin Hart to donate $15 million to 110 Philadelphia schools serving low-income students. The donation will assist thousands of students from underserved families during the 2022-2023 school year. The latest move is in addition to plans that are already in motion to continue providing those underserved in the Philadelphia area with the resources needed to thrive.
With the holidays right around the corner, Meek Mill is in the season of giving for his city. On Dec. 14, the rapper announced that he will be donating $500,000 worth of Christmas gifts to Philadelphia families in need. Joining him in supporting the free event, taking place on Dec. 19, are Philadelphia 76ers partner Michael Rubin, New England Patriots owner Robert Kraft, and Roc Nation, according to TMZ. According to Meek Mill, he and the DreamChasers are going bigger than ever for Philly — four times that is. “We stepping BIGGER than ever this year for the youth of the city!” he wrote via Instagram prior to the official announcement. https://www.instagram.com/tv/CXKMLmTjN8w/?utm_source=ig_web_copy_link