The sports world has a Black ownership problem. With Michael Jordan selling his majority stake in the Charlotte Hornets, there are no majority Black owners of a major sports franchise.
While some are “claiming” to fix the problem, it’s an issue that represents the racial wealth gap in this country. Despite there being no Black majority owners, some Black celebs have minority stakes in franchises and still do their best to support their teams.
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Michael Jordan was the only Black majority owner of a major sports franchise for a long time.