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Nadia Rawlinson Purchased Equity In The WNBA's Chicago Sky In 2023, And Today The Team Is Valued At About $95M

Nadia Rawlinson believes in investing in women’s sports. Rawlinson carries executive experience with tenure at companies that include Live Nation Entertainment, Slack, and American Express. It’s her collective experience that has emboldened her involvement with the WNBA’s Chicago Sky along with her deep appreciation for the city of Chicago, IL. “It’s having a level of understanding of how things can be done in an elite way,” she explained to Market Watch. “You have players, you have 22-year-old rookies who are moving to a new city to have their first job out of college. I care a lot about Chicago. I was here during the Bulls years when Jordan was here, which was epic. How can I recreate that here with the Sky? We are the future of Chicago and Chicago sports.” Rawlinson’s commitment to the team is exhibited in her decision to purchase equity in it. She now serves as co-owner and operating chairman of the Chicago Sky. “I’m also operating chairman, but I lead and manage our board of...

Jul 25, 2024

Houston Dynamo Football Club Ownership Group Welcomes Former US Men's National Team Goalkeeper Tim Howard As A Minority Investor

Tim Howard, a former U.S. Men’s National Team (USMNT) goalkeeper, now has ownership in a soccer league. ESPN reports Howard joined Houston Dynamo FC’s ownership group on July 16, 2024. By default, Howard now also becomes a minority investor in the National Women’s Soccer League’s Houston Dash. “We are proud to welcome Tim Howard to our ownership group at the Houston Dash and Houston Dynamo,” Dynamo majority owner Ted Segal said in a news release, according to ESPN. “His wealth of experience across soccer, both as a player at the highest levels and subsequently as a sporting director and media analyst, will be invaluable within ownership as we continue to build a competitive and successful organization. Moreover, Tim’s commitment to using his unique platform to positively impact communities in need aligns with the values of our organization.” Howard’s new position as an investor comes after his 2024 induction into the National Soccer Hall of Fame. The honor recognizes his 121 caps...

Jul 17, 2024

How Many Pro Sports Teams Does Serena Williams' Daughters Own?

Serena Williams has positioned herself for a lifetime of success. However, as a mother, her children’s well-being also defines true victory. Williams and her husband, Reddit Founder Alexis Ohanian, have two daughters: Alexis Olympia Ohanian Jr., who is now 6 years old and was born on Sept. 1, 2017, and Adira River Ohanian, born in August 2023. View this post on Instagram A post shared by Serena Williams (@serenawilliams) Early on, Williams and Ohanian began making moves to establish wealth for their daughters. When Olympia was 2 years old, she made history as the youngest professional sports team owner. As AFROTECH™ previously reported, she became part-owner of the women’s soccer team Angel City FC (Los Angeles, CA), along with her parents. “As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front-row seat to this revolution,” Ohanian said in a National Women’s Soccer League news release at the time. “I’m personally investing on...

Jun 10, 2024

Portland Trail Blazers Forward Jerami Grant Joins D.C. United Ownership Group As An Investor

Jerami Grant is now a team owner! The Portland Trail Blazers forward joined the D.C. United ownership group as an investor, a press release mentions. The move marks a full circle moment, given his upbringing in the DMV region in Maryland. Now, he will have a chance to not only sport a new hat but also discover new ways to reinvest in the region, he reveals. “I am honored to be joining the D.C. United ownership group. Having grown up in the DMV, Washington, D.C. holds a special place in my heart, and I am proud to invest in the community that has played a significant role in shaping who I am today,” Grant said in the news release. “D.C. United’s ownership group has shown impressive growth over the years, extending their influence beyond sports into the realms of music and arts, which is something I deeply respect. The club’s commitment to social responsibility is admirable, and I am eager to contribute in a meaningful way by giving back to the community. I strongly believe in the...

Jun 5, 2024

Carmelo Anthony Is Taking His Basketball Skills To Australia As A New Owner In The National Basketball League

Despite retiring from the NBA after an illustrious 19-season career, Carmelo Anthony’s impact on the sport is set to continue in a significant way. According to Andscape, Anthony will become the new ambassador of Australia’s National Basketball League (NBL) and owner of one of the league’s future expansion teams. The NBL is the premier basketball league in Australia and New Zealand and currently has 10 teams. While the location of the future expansion team remains a mystery, National Basketball League President Larry Kestelman and Carmelo Anthony are set to forge a strategic partnership to determine the ideal spot for a new team. “He is someone whose vision for the game is global and has influence to help young players actually succeed and get ready for the big stage of the NBA,” Kestelman told the outlet about the deal. “We’re going to work for him to look at the right place, the right team to get involved with, where he can influence a lot of individuals, help them grow, and...

Jun 5, 2024

Grant Hill Owns A Stake In The Baltimore Orioles, But Here Are The Other Teams He Has Maintained Ownership In

Grant Hill has diversified his wealth in team ownership. Hill had previously been a player across four teams in the NBA, and his time would conclude after 19 seasons. He accumulated more than $100 million during his playing days, and his earnings would only continue in retirement, CNBC reports. Atlanta Hawks In 2015, two years following his exit, Hill began sporting a new hat as a team owner. As previously mentioned by AFROTECH™, he became part of an ownership group headed by Ares Management Founder Tony Ressler, which acquired a stake in the NBA’s Atlanta Hawks from the ownership team led by Bruce Levenson, per Bleacher Report. The sale was reportedly valued at $850 million, reports ESPN. What’s more, it has proven to be a great addition to Hill’s portfolio as the team is now worth a staggering $3.3 billion, notes Forbes in 2023. Orlando City Soccer Club And Orlando Pride Hill widened his presence in ownership, alongside his wife, Tamia, becoming limited partners through their...

May 30, 2024

Angel Reese Fulfills Her Dream Of Owning A Professional Sports Team — 'I’ve Always Had [A] Desire To Invest In A Local Team As A Maryland Native'

This is Angel Reese’s year, and we’re just living in it! According to The Athletic, Reese is officially a “professional sports owner” as she has joined the ownership group of DC Power Football Club, Washington, DC’s new professional women’s soccer team — which will begin competing in the USL Super League in summer 2024. “I want to help grow women’s sports and elevate female athletes across the board,” Reese said in a statement. “We’re taking over, and I’m honored to be able to support Power FC and invest in women’s soccer in the DMV community.” “Angel’s decision to be a founding investor alongside us in Power FC is groundbreaking,” D.C. United CEO and Co-Chairman Jason Levien added. “As a Maryland native, Angel is so passionate about being a catalyst for positive change in women’s sports in the DMV as well as globally, while inspiring the next generation of female athletes. We’re looking forward to her partnership in the boardroom as an equity partner.” As a native of Randallstown,...

May 22, 2024

Rosalind Brewer, Will Packer, And More Join Atlanta Falcons' Ownership Group

The Atlanta Falcons has welcomed four limited partners. According to a press release shared with AFROTECH™, Rosalind Brewer, Will Packer, Dominique Dawes, and Rashaun Williams are now a part of the NFL team’s ownership group. The additions come after the 32 NFL majority owners reached a final vote in Nashville, TN. Ahead of the approval, Brewer, Packer, Dawes, and Williams were vetted by the Atlanta Falcons, the league office, and the NFL’s Finance Committee, the press release discloses. For Brewer, in addition to being a limited partner, she will continue to serve as an associate board director for Falcons owner Arthur M. Blank’s Family Foundation. “ As I embrace the opportunity to become a limited partner of the Atlanta Falcons, I’m reminded that true leadership extends beyond boardrooms and onto the fields where dreams are forged and communities united,” Brewer shared in a statement. “ My journey has always been about people – their stories, aspirations and the communities we...

May 22, 2024

The Charlotte Hornets Are The Only NBA Team With A Black President, General Manager, Coach, And Assistant General Manager

The Charlotte Hornets are being led by a Black executive team. Following the selling of Michael Jordan’s stake in the team for a reported $3 billion in June 2023 to a group led by Gabe Plotkin and Rick Schnall, as previously reported by AFROTECH™, it is undergoing new changes in leadership. On March 5, 2024, Jeff Peterson was hired on as the executive vice president of basketball operations, notes the NBA. Before this role, he had been assistant general manager of the Brooklyn Nets. According to a press release, the team cemented a deal with Dotun Akinwale, who has worked in the NBA for 11 years as an executive, to bring him on as assistant general manager. Prior to the title, he had been promoted to vice president of player personnel for the Atlanta Hawks. On May 9, 2024, Charles Lee, who boasts a decade of experience as an NBA assistant coach joined the team as head coach, leaving the Boston Celtics. “We are excited to welcome Charles Lee as the head coach of Charlotte Hornets,”...

May 17, 2024

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,...

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...

Apr 18, 2024

Jason Kidd Invests In 2 Soccer Teams Based In His Hometown of Oakland, CA

Basketball legend and Dallas Mavericks coach Jason Kidd has made investments in two soccer teams located in his hometown.

Oct 31, 2023

Former NBA Player Grant Hill Joins Wife Tamia To Become Limited Partners In 2 Sports Teams

Former basketball athlete Grant Hill joins his wife,Tamia, to become limited partners in two sports teams.

Oct 31, 2023

Magic Johnson Has Declined Ownership In Several NBA Teams, But He Has His Eyes On The New York Knicks

There is one team on Magic Johnson’s radar for ownership outside of the Los Angeles Lakers.

Sep 27, 2023