December 8, 2018 - Blog Post
It is being widely reported that former NFL football player, Terrell Owens is among a group that is intending to start an alternative professional football league. The league, named The Freedom Football League, is being described as a league that will allow the players to have the freedom to express themselves in addition to simply playing the game. This stands in stark contrast to the NFL, which has been criticized for the way in which they have treated Colin Kaepernick and other players who chose to protest racial injustice during football games.
The creators of the league are Owens, Ricky Williams, and Simeon Rice. There are up to 100 former players who are listed as early founders. They said that they will initially have 10 teams. It also appears that they will be doing some sort of equity based crowdfunding in addition to private investment. They want the viewers and fans to also be able to have a stake in the new venture.
I personally applaud the players for being forward thinking enough to attempt this new league. I don't know if they will be successful but I am super stoked that they are trying. That is the essence of entrepreneurship. As a people, we must be able to see potential opportunities and take advantage of them. Perhaps that will also force the NFL to step up their efforts to address racial issues in a more positive way.
Black people are huge consumers of professional football. We spend a whole lot of money and the NFL teams are full of Black players who risk it all on the gridiron every week during the season. We are a big part of the success of the NFL and if we are not going to be treated right, then we are well within our rights to try to form an alternative avenue for our talented players.
What are YOUR thoughts? Do you think this has a chance to succeed? Would you invest in this type of effort? Let us know!
Stephen Wicks, Founder
Blog Post: Stephen Wicks -
Sean "Diddy" Combs wants to get in on the opportunity to be the first Black business man to be a principal owner of an NFL franchise team. The Carolina Panthers' owner, Jerry Richardson, has said that he is ready to sell the team and Diddy has been working with other investors to put a deal on the table. Professional athletes, Steph Curry and controversial ex-quarterback Colin Kaepernick have said that they are willing to join the effort. It has been reported that the NFL wants a new owner by April of 2018.
The NFL has produced many millionaires by current and former players being able to invest their earnings from salaries and endorsement deals, but clearly, the lion's share of the profits come from actually owning a team and not just playing on the field. According to an article on NewYorkDailyNews.com, the average value of a NFL team is $2.4 billion dollars. That's a whole lot of profit. It's a fact that the majority of the starting line-ups of NFL teams are now Black, yet there is not one Black principal owner of any NFL team. That's a serious wealth disparity. Diddy and others are trying to change that dynamic.
If Black people in America are going to break the cycle of poverty we must begin to understand the power of ownership. We applaud the efforts of Diddy and the other investors. We need to promote and support these efforts whenever and however we can.
Sean Comb became a very successful entertainer and business owner after forming Bad Boy Entertainment in the 1993. Forbes Magazine estimated Diddy's net worth at $820 million dollars. He is very close to being the first hip hop billionaire.
Let's hope that he is successful and better yet, that his attempt inspires others to make the move towards business ownership. We'll keep you posted.
What Do YOU Think?
Share this post and make sure that you leave a message and let us know what you feel about this topic.
Check out Mali Natural Products. They are located in our directory under the categories of Beauty Supply, Health & Wellness, Skincare. According to their website: "you will find pure, natural, and organic Skincare products to give your skin the ultimate nutritional gain for all skin types and Tones."
Visit their website at: http://www.malinaturalproducts.com/home.html
According to Nielson reports, African American spending power has tipped 1 trillion dollars. How are we using that buying power? Are we re-investing in the communities that we live? One way to do that is to use a Black owned bank. Access to capital and loans are an essential part of being successful in today's world. Let's be smart about how we use our money.
We have proudly added a new Black owned bank to our directory. If you live in the Atlanta metro area, you can deposit your hard earned money with Citizen's Trust Bank.
We also have OneUnited Bank in our directory. They allow deposits nationwide via there website and app. Visit our homepage and do a search for "banks" to find a bank for you to deposit your money today!
We need more listings in our directory. Please spread the word about our website. Why do we charge to list a business? Because, often businesses cease to operate or they change their contact information. This causes a labor expense in terms of making sure that our list is accurate and up to date. We also have plans to re-invest in the Black business community by offering grants to small business owners. Let's work together to make a difference in our community. Join the movement!
Learn more the following Black owned banks:
Find A Black Business Now!
Join Us Now!