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Major League Soccer, The National Black Bank Foundation Complete Historic $25M Transaction In New Partnership

In an effort to work toward closing the racial wealth gap, Major League Soccer (MLS) will participate in a first-of-its-kind deal with Black-owned banks. According to MLS Soccer, the partnership includes a $25 million loan from a syndicate of Black-owned banks and will serve as a defining moment in history because there has never been a major commercial transaction “exclusively” between Black banks and a major sports league. “Major League Soccer’s partnership with the National Black Bank Foundation is a tangible step in the efforts to close the racial economic gap in the United States, and it’s the right business decision for us,” said MLS Commissioner Don Garber in an official statement. “As a league, we continue to increase our initiatives in support of racial justice. In order to make a genuine impact, economic justice must be part of the equation. This transaction with a syndicate of community-focused Black banks is an important measure, and it is our hope this will raise...

Shanique Yates

Mar 11, 2022

D.C. United Names Danita Johnson President of Business Operations, First-Ever Black President in Major League Soccer

It does not have to be February for us to celebrate Black achievements here at AfroTech. According to a press release, Danita Johnson has made history as the new President of Business Operations for D.C. United soccer team — the first-ever Black president of a Major League Soccer (MLS) club.   View this post on Instagram   A post shared by Danita Johnson (@danitajo_) At 37-years-old, Johnson is one of the handful of women that are in the highest executive ranks in the league’s history, as stated in the release. She previously served as president and CEO of the WNBA’s Los Angeles Sparks. Under her leadership, ticket sales increased by 50 percent between 2014 and 2017, in addition to an increase in attendance in 2017 and 2019, among other accomplishments. No stranger to the sports industry, she has also worked with the WNBA’s Washington Mystics and Tulsa Shock along with the NBA’s Los Angeles Clippers and the NBA G League’s Bakersfield Jam, according to the press release. “I’ve...

Shanique Yates

Jan 12, 2021