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History is being made in the 2024-2025 NFL season. Diverse Representation shares on Instagram that the current season, which kicks off Thursday, Sept. 5, 2024, reportedly has the most Black team minority owners in league history. The list is filled with various trailblazers across entertainment, sports, and business, which you can find below. Venus And Serena Williams Kicking things off are trailblazers Venus and Serena Williams, who made history as the first Black women to become minority owners in the NFL. As AFROTECH™ previously told you, they became minority owners in 2009 when the team was reportedly worth $1.02 billion, per Statista. “I am honored to be a partner in the Miami Dolphins franchise and thankful to owner Stephen Ross for allowing Serena and I to be part of Miami Dolphins history,” Venus said at the time, according to People. Serena added, “I am so excited to be part of such a renowned organization. Having spent so much of my childhood in the area, being involved...
Magic Johnson now has five teams in his investment portfolio. As AFROTECH™ previously reported, the NBA-legend-turned-serial- entrepreneur has ownership in the MLB’s Los Angeles Dodgers, MLS’s Los Angeles Football Club, WNBA’s Los Angeles Sparks, and NFL’s Washington Commanders. Now, he is announcing his involvement with a fifth team. “CBS Mornings” reports he joined the investor group for the National Women’s Soccer League (NWSL) team Washington Spirit , which is led by Michele Kang, the first woman of color to have majority ownership in the NWSL. The pair first met in Los Angeles, CA, and immediately connected over a shared excitement for the growing popularity in women’s soccer in the U.S. “I’m so excited to join the Washington Spirit’s investor group at such a pivotal time in the club’s history! Partnering with a visionary like Michele Kang and her team to advance the growth of the Washington Spirit and the NWSL is an incredible opportunity,” Johnson wrote on Instagram. View...
Former NBA great Magic Johnson credits his billionaire status to the company he kept throughout his career. Johnson was raised alongside nine siblings in Lansing, MI. To support the family, his father worked at a General Motors plant, and his mother was a school custodian, the NBA reports. Johnson found his purpose in basketball. “I practiced all day,” Johnson told USA Weekend, per The Atlantic. “I dribbled to the store with my right hand and back with my left. Then I slept with my basketball.” Johnson played at Everett High School, where he was nicknamed “Magic” by a sports writer after scoring 36 points, 16 rebounds, and 16 assists at 15 years old, the NBA notes. Johnson helped the team win a state title and continued to impress in college, leading the Spartans’ Michigan State University in East Lansing to a 25-5 record and a Big Ten Conference title. In 1979, he led his team to a national title, outperforming Larry Bird’s Indiana State University squad. To no surprise, Johnson...
Earvin “Magic” Johnson Jr. is opening up about a time where he missed out on the ultimate business deal.
Imagine it: the year is 1984, and between the bright neon color tracksuits and massive brick cell phones, Prince had the number one song on the charts with “Doves Cry.” And while this seems like a wild time, it was all in line with the eccentric characteristics of the era. Technology was evolving, perspectives were shifting, and money was being made. The year 1984 was also the start of a 25-year contract for NBA legend Magic Johnson.
Reliving the glory years is a real thing. From the hype of the crowd to the adrenaline felt by the sheer sport of the activity, only a few things compare to that rush. Across all sports genres, the world has witnessed players who have considered retirement but then decided to play one or a few more times before hanging the jersey up for good. Michael Jordan left basketball in 1993 just to return in 1995, and Tom Brady created an entire rollout about his retirement only to renege months later and return to the NFL. Magic Johnson is in that number but recently revealed there was a $1 million price tag associated with his return to basketball.
If he doesn’t do anything else, Magic Johnson will always be about his business! The NBA legend turned entrepreneur extraordinaire is officially taking his talents to the metaverse through SimWin Sports as an owner, investor, and advisor. “I’m so excited to be involved with SimWin, which is blazing a trail in one of the hottest new business sectors and has a great team leading the charge,” Johnson said in an official news release shared with AfroTech. “This multi-billion-dollar business is about to take off and the SimWin model is an excellent way for sports fans to get involved in this groundbreaking opportunity. I look forward to contributing to its growth and success. get ready for the Inaugural Draft Class NFT player drop coming soon. I might just draft one of your players for my team.”
The hostile environment around non-fungible tokens (NFTs) has people asking, “Are NFTs here to stay? Should we keep coming back to learn more?” Well, we will answer a question with a question. In the words of viral sensation Constance Landry, “Is a elephant heavy? I’m coming back, baby.” AfroTech is here for the foreseeable future with your weekly NFT roundup, and we are back with a new batch of digital assets we’ve been watching.