“The NFL is still waiting for its first black majority owner.”
"Forbes reports that there are only 15 black billionaires in the world. These include rapper Jay-Z, pop star Rihanna, Tiger Woods and LeBron James. However, their net worth isn’t enough to buy out a majority stake in an NFL team.
For example, the Denver Broncos team was sold for $4.65 billion, a figure higher than their net worth. Plus, to buy an NFL team, you have to buy 30% of the stake, which means that buying the Broncos costs $2 billion in liquid cash. This is a figure that’s beyond what most wealthy black people in the United States can meet, hence keeping them out of ownership."
Weird take from the NFL.
What’s the ratio of owners and coaches, white vs. black?
32 NFL teams, 23 white coaches.
https://www.usatoday.com/story/graphics/2024/11/13/nfl-coaches-project-diversity-report-2024/75799491007/
Owners?
https://spotcovery.com/nfl-black-owners-the-leagues-ownership/
“The NFL is still waiting for its first black majority owner.”
"Forbes reports that there are only 15 black billionaires in the world. These include rapper Jay-Z, pop star Rihanna, Tiger Woods and LeBron James. However, their net worth isn’t enough to buy out a majority stake in an NFL team.
For example, the Denver Broncos team was sold for $4.65 billion, a figure higher than their net worth. Plus, to buy an NFL team, you have to buy 30% of the stake, which means that buying the Broncos costs $2 billion in liquid cash. This is a figure that’s beyond what most wealthy black people in the United States can meet, hence keeping them out of ownership."
Geez, if the broncos are only ~$4.5B what’s to stop Leon from buying the entire NFL?!?!
😱