It’s been reported that Black billionaire Robert F. Smith may be acquiring the Denver Broncos, and it’s just been reported also that media mogul Byron Allen may be putting together an investment group to do the same. No NFL franchise at this time is Black owned. However, the NBA has several Black owners – even if some are only minority stakeholders. Word is coming down the rumor pipeline now that Kanye West is interested in acquiring the NBA’s Chicago Bulls.
Reports Afro Tech news: “In the newly released single “City of Gods,” by Fivio Foreign featuring Alicia Keys and West himself, he raps: “After I buy the Chicago Bulls I’ma go link with Mike.”
The Chicago native’s verse has created speculation about whether he is seriously plotting on buying the basketball team or rather it was just him spitting the bar on a whim.
Currently, th Bulls are owned by Jerry Reinsdorf, who also owns the Chicago White Sox. The Bulls are estimated to be worth more than $3 billion, according to Forbes.