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After Securing Largest Contract In NBA History, Jayson Tatum Sets Sights On $200M WNBA Investment In St. Louis

Jayson Tatum is making moves on and off the basketball court as he explores potential investment opportunities in a WNBA franchise in St. Louis, MO. As interested parties compete for ownership of the league’s upcoming 16th team, the Boston Celtics star has informally committed to supporting the franchise, according to Sportico. As AFROTECH™ previously reported, Tatum secured a record-breaking five-year, $315 million contract extension in July and now plans to work behind the scenes, helping attract other high-profile investors and advocating for the WNBA team. “St. Louis is a top-tier sports market, and we believe that bringing a WNBA franchise to the region will be a defining moment in the city’s ongoing revitalization,” said Don Soffer, the spokesperson for the effort to establish the 16th team in St. Louis, per Sportico. Tatum’s potential involvement follows a change in the NBA’s collective bargaining agreement, ratified in April 2023, which, as OnFocus previously reported, now...

Nov 4, 2024

NBA Star LeBron James Once Said His 'Goal Is To Own An NBA Franchise' — So, Will He Set Up A Team In Vegas?

At the age of 37, LeBron James is still dominating the NBA, but what will be the next chapter for the legend? Maybe actually owning an NBA team. Back in March 2021, James revealed he had his sights set on becoming an official NBA team owner. “My goal is to own an NBA franchise,” LeBron said, according to Yahoo! Sports . “And it’ll be sooner than later.” According to American sports analyst and podcaster Bill Simmons, LeBron James’ dream may become a reality in Las Vegas, Nevada. While there isn’t any certainty to James’ involvement, there are reports stating that the NBA could expand to Vegas and Seattle at an undisclosed date and the Fenway Sports Group may have their eyes on the Vegas team. “I have some intel,” Simmons said, according to Yahoo! Sports. “I think the league is going to expand to Vegas and to Seattle. And I think the leading contender to get that Vegas team is going to be the Fenway Sports Group. They have Liverpool, they bought the [Pittsburgh] Penguins. They’ve...

Mar 7, 2022

Based On His Recent Rap Collab, Does Chicago Native Kanye West Have His Sights Set On Buying The Bulls?

It can be quite the challenge to keep up with Kanye West as of recently. From launching Donda Sports to possibly heading into tech, the rapper has been on the move. AfroTech previously reported that there may be a possibility of him taking action to get the rights to have “Donda” across wearable computers like protective flip covers for tablet computers, smart glasses, smartwatches, and wearable activity trackers. “If Kanye has his way…he might do the same to wireless receivers in the form of jewelry and smart rings,” TMZ reported. “It also looks like he wants ‘Donda’ on downloadable electronic publications in the nature of books, magazines, journals, brochures, leaflets, pamphlets, and newsletters all in the field of music and entertainment news.” Now, it looks like West may be targeting one of his most ambitious business moves yet — purchasing an NBA team. In the newly released single “City of Gods,” by Fivio Foreign featuring Alicia Keys and West himself, he raps: “After I buy...

Feb 11, 2022

Is Rick Ross Investing In The Miami Heat? 'I'm Confident, We'll Bring Them Big Trophies Back'

Rick Ross, the biggest boss, is always thinking of his next move. According to Kulture Hub, Rick Ross could soon make his stake in the sports industry as an investor in the National Basketball Association’s Miami Heat. The move would be only right for the rapper and entrepreneur who has been an avid supporter of the team and is considered by many as a Miami legend. “I’m still interested in getting a small percentage of an NFL or NBA team,” Rick Ross shared during an episode of Uninterrupted’s Certified Buckets podcast when asked his stance on making a sports investment move. “I’d just invest in the Heat because we got some beautiful additions. And like I say I’m one of those people that can look three seasons ahead… I’m confident, we’ll bring them big trophies back.” As someone who was raised in Dade County, Rick Ross has been a fan of the Miami Heat since day one. He went from watching games from awful seats to garnering relationships with the players, President Pat Riley, and the...

Nov 16, 2021