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Sunday, March 29, 2015

Sports Business

Michael Jordan officially a billionaire?

Michael Jordan is finally a billionaire, according to an article that was published in Forbes on Thursday. Jordan, who earns an estimated $90 million per year through endorsement deals, his clothing and shoe company, the Charlotte Hornets and other avenues, was estimated to have a net worth of around $750 million earlier this year. However,…Read More

LeBron James reportedly made $30 million on Beats by Dre sale

LeBron James is not just a great basketball player, he’s also a savvy businessman. According to a report from ESPN, LeBron was set to make around $30 million after Beats Electronics was bought by Apple for $3 billion. LeBron got a small stake in the company in 2008 when he agreed to promote the brand….Read More

Frankie Muniz wants to buy the Clippers

You know how we know there will be no shortage of interest in the Los Angeles Clippers if Donald Sterling is forced to sell the team? Because Malcolm from “Malcolm in the Middle” is on a long list of people who have already expressed a desire to buy the Clippers. On Tuesday, 28-year-old actor Frankie Muniz…Read More

CarMax will no longer sponsor Clippers, Donald Sterling

The Los Angeles Clippers have officially lost their first sponsor as a direct result of owner Donald Sterling’s alleged racist rant, as used car retailer CarMax has announced it will end it’s nine-year relationship with the team. “CarMax finds the statements attributed to the Clippers’ owner completely unacceptable,” a representative for the company reportedly told…Read More

Magic Johnson reportedly interested in buying Clippers

The pressure on Donald Sterling to sell the Los Angeles Clippers is only going to increase by the day. The NBA wants him out, and league commissioner Adam Silver is expected to make a decision on possible disciplinary action against Sterling by Tuesday. If the most stubborn owner in the NBA does decide to sell…Read More

Newark Bears hold liquidation auction at stadium

The Newark Bears finished with a record of 37-63 in the Can-Am League last season. Those certainly weren’t the results ownership was looking for, but it’s no reason to board the place up and put a “for sale” sign out front, right? Wrong. Last November, the Can-Am League announced that the Bears would not operate…Read More

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