1 Day
Source:
New York Post
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$7B PE Firm Aims to Revive NBA Team
A former Miami Hurricanes football player and CEO of the Real Hip-Hop Network is leading Blacksun, a new $7 billion sports-focused private equity firm aimed at reshaping sports investments. The firm seeks to challenge traditional models dominated by wealthy individuals, with notable backers including athletes like Roy Jones Jr. and notable executives. Blacksun plans to develop new leagues, such as the World American Football League and Knockout Fights, and is working to bring the Seattle Supersonics back to the NBA, potentially partnering with Native American tribes for stadium land. The fund aggregates investments from high-net-worth individuals and institutions, with a focus on sports, media, technology, and real estate.
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