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-   -   Nelly: Part owner of the Bobcats (http://forums.prowrestlingfans.com/sports/32873-nelly-part-owner-bobcats.html)

Dan Snyder 20 Jul 2004 06:22 PM

Nelly: Part owner of the Bobcats
 
CHARLOTTE, N.C. (AP) -- Rapper Nelly is a part-owner of the NBA's expansion Charlotte Bobcats.

"This is a great opportunity for both the Bobcats and Nelly," Robert L. Johnson, the team's majority owner and the founder of Black Entertainment Television, said Monday in a news release. "Nelly is a great entertainer and a smart businessman and those two traits will serve us well as we prepare to tipoff our inaugural season this fall."

Financial terms of the deal were not disclosed.

Nelly, whose real name is Cornell Haynes Jr., joins an ownership group that includes former NBA player and executive M.L. Carr; Felix Sabates, owner of NASCAR racing teams, and Hugh McColl Jr., former CEO of Bank of America.

"Of the many dreams that I have fulfilled in life, being an NBA owner is certainly one of the biggest achievements," Nelly said in a release issued by the Bobcats. "To be able to make this move with Bob Johnson and to be a part of the first-ever minority owned professional sports franchise in history is a great opportunity.

"Bob and I share the same commitment to diversity and we are both self-made, having worked up from the very bottom to reach where we are today."

Nelly, a three-time Grammy winner, said he also looked forward to learning the business of professional sports and becoming active in the Charlotte community.

Recently, he has been a target of women's groups outraged by what they consider misogynistic images in his video.

This spring, Nelly canceled an appearance at Spelman College, a black women's college in Atlanta, for a charity event after hearing of plans for a protest of his videos.

Alth 21 Jul 2004 05:55 PM

You knew his music would overlap into him being an owner... why do you think Jay-Z retired when he put in his share on the New Jersey Nets? :err:

Anyways... does Nelly really have that much money? He has put out like two cd's...

:dunno:

Dan Snyder 21 Jul 2004 07:15 PM

^
He has that, the Pimp Juice energy drinks and a NASCAR Truck team.

Alth 21 Jul 2004 07:20 PM

Quote:

Originally Posted by Norm Coleman
^
He has that, the Pimp Juice energy drinks and a NASCAR Truck team.

I remember the truck team... but you gotta think that he would spend more on it than make... well, then again there is advertising...

The energy drink though... how successful can that be?

Dan Snyder 21 Jul 2004 07:22 PM

Nelly makes a profit on whatever merchandise and such the team company sponsors.

As for the energy drink, I have no clue how its going.


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