Ownership diversity? 150 teams in five north American leagues....

[LadyStanley]

And one black (majority) owner (Michael Jordan)



In a nutshell, potential owners have not been able to acquire the wealth to purchase a team.

Last year’s Forbes list of the world’s billionaires included slightly more than 2,100 people, and just 13 are black. Four are American: Jordan ($1.9 billion), entertainment industry maven Oprah Winfrey ($2.5 billion); Robert Smith, the founder of private equity firm Vista Equity Partners ($5 billion); and World Wide Technology co-founder David Steward ($3.5 billion).

Part of the Athletic's Black History Month series of articles.

Click to read more...

 

[Fantomas]

Billionaires shouldn't exist, regardless of their skin colour.

 

[daver]

And one black (majority) owner (Michael Jordan)



In a nutshell, potential owners have not been able to acquire the wealth to purchase a team.



Part of the Athletic's Black History Month series of articles.

So what?

 

[KevFu]

Seems more like Socio-economics than sports business.