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Master P Now Focused On Owning An HBCU Instead of an NBA Team

A few days ago, Master P (born Percy Miller) took to his Instagram account to announce his desire to own an HBCU.

“So, y’all know I always wanted to own an NBA team, but now I want to own an HBCU. It’s so important that we educate the culture. This message is all about educating our people,” he said during the video clip.

“I was shocked when I Googled who owned and founded HBCUs,” Miller said. “We can’t change the past but we can change the future by investing in the next generation. They going to have to sell some of these schools to us, or fund it the same way other major universities are funded.”

During the video, Miller expressed that he once had a desire to attend Southern University, an HBCU in Baton Rouge, Louisiana. He encouraged others to join the movement to ensure that the nation’s historically Black colleges are able to offer proper education to our children.

Tony O. Lawson

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LeBron James, Maverick Carter Raise $100M To Build a Media Empire

LeBron James and his longtime business partner Maverick Carter have reportedly launched a new venture to expand their media empire.

The pair raised $100 million to start the SpringHill Co., a conglomerate that aims to produce content from usually marginalized voices, Bloomberg Businessweek reported Thursday.

“When we talk about storytelling, we want to be able to hit home, to hit a lot of homes where they feel like they can be a part of that story,” James told the magazine. “And they feel like, Oh, you know what? I can relate to that.”

lebron james

With James as chairman and Carter as CEO, the firm combines the duo’s SpringHill Entertainment and Uninterrupted LLC, which have birthed entertainment projects such as a forthcoming “Space Jam” sequel and an HBO talk show, with a marketing agency called the Robot Co., according to Businessweek.

SpringHill was reportedly formed on the same day in March that the NBA suspended its season because of the coronavirus pandemic. But the ensuing lockdowns haven’t hampered the company’s early days — Carter recently inked a TV deal with Disney and has a basketball-themed Netflix film in the works, Businessweek reported.

James and Carter reportedly attended the same high school that James left to join the Cleveland Cavaliers in 2003. The pair worked together on “The Decision,” a live broadcast of James’ 2010 announcement that he was leaving Cleveland for the Miami Heat, Businessweek reported. They went on to start SpringHill Entertainment, which shares its name with the Akron, Ohio, apartment complex where James grew up.

lebron james

The pair’s new company is backed by a slate of investors including Guggenheim Partners, UC Investments, SC Holdings and News Corp. heir Elisabeth Murdoch, with a board that includes tennis legend Serena Williams, Boston Red Sox chairman Tom Werner and LiveNation CEO Michael Rapino, Businessweek’s lengthy profile says. (News Corp. owns The Post.)

“This is ultimately a company that’s about point of view, the community you serve, and empowerment,” investment banker Paul Wachter, who helped facilitate the project and also sits on the board, told Businessweek. “This is a company designed to move the culture.”

 

Source: NY Post


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Kareem Abdul-Jabbar Auctions off NBA Championship Rings for STEM Education

Fans can own a piece of NBA history thanks to Lakers legend Kareem Abdul-Jabbar. The basketball great is auctioning off hundreds of pieces of memorabilia and including four NBA championship rings.

Much of the proceeds will go to his Skyhook Foundation, which brings STEM educational opportunities – science, technology, engineering and math — to underserved communities.

“When it comes to choosing between storing a championship ring or trophy in a room, or providing kids with an opportunity to change their lives, the choice is pretty simple. Sell it all,” Abdul-Jabbar wrote on his blog.

“Looking back on what I have done with my life, instead of gazing at the sparkle of jewels or gold plating celebrating something I did a long time ago, I’d rather look into the delighted face of a child holding their first caterpillar and think about what I might be doing for their future,” he added.

The basketball great teamed up with Goldin Auctions to help sell off the memorabilia, some of which has minimum bids set at tens of thousands of dollars.

Kareem Abdul-Jabbar

How many NBA championship rings does Kareem Abdul-Jabbar have? A whopping six — and four are now up for auction. In addition to those historic rings, Abdul-Jabbar’s 1985 All-Star ring, a 1989 used and signed basketball and an MVP trophy are among the highly-coveted items receiving bids well over the prices listed as minimum bids. receiving bids well over the prices listed as minimum bids.

Abdul-Jabbar’s foundation states this its mission is to “Give kids a shot that can’t be blocked.” Its flagship program is a camp for fourth and fifth graders that hopes to inspire students to focus on STEM education. Campy Skyhook takes the kids on a five-day immersive experience in the Angeles National Forest.

“I can do more than stuff a ball through a hoop; my greatest asset is my mind,” Abdul-Jabbar says on the foundation’s website.

 

Source: CBS