Dismiss Notice
FREE NAME CHANGES UNTIL 7PM. HOLLA AT CHICITY.

LL Cool J & Ice Cube Preparing To Purchase Sports TV Stations

Discussion in 'The News & Rumors Spot' started by Goldie, Nov 7, 2018.

  1. Goldie

    Goldie The Throne Site Owner

    53,948
    17,584
    113
    ABW Bucks:
    $637,666
    ABW Bucks:
    $637,666 ($676 Banked)
    LL Cool J and Ice Cube have their sights set on several lucrative sports channels. As reported by TMZ, the two veterans are part of a "powerful group looking to bid on 22 regional sports channels." How did all these sports channels suddenly become available? Blame it all on Disney. The billion-dollar entertainment company scooped up 21st Century Fox, but lawmakers believe that since Disney owns ESPN, they shouldn't be able to own all of Fox's sports networks. The Justice Department is forcing Disney to sell the sports stations. That includes Fox Sports San Diego, Fox Sports Arizona, Fox Sports Detroit, Fox Sports Southwest, and so on. Nestled in the list of channels is the YES Network.

    Acquiring the YES Network would be lucrative for whoever nabs the New York-based sports channel that broadcasts Yankee games. The Yankees have one of the most loyal fan bases in all of sports. Disney claims that the YES Network is worth between $5 and $6 billion. That's nothing though, since the deal for all 22 sports channels is expected to be between $15 and $25 billion. Cube and LL have aligned themselves with billionaire Alex and Ani jewelry founder Carolyn Rafaelian. Initial bids for the channels are due in on November 8.
     
    • Goat Goat x 19
    • Ether Ether x 2
  2. Babelipsss

    Babelipsss Prominent Member

    970
    897
    93
    ABW Bucks:
    $84,627
    ABW Bucks:
    $84,627 ($0 Banked)
    Winning.
     
    • Cosign Cosign x 3
  3. grYmes

    grYmes The showstopper, the icon, the main event.

    1,634
    1,282
    113
    ABW Bucks:
    $391,499
    ABW Bucks:
    $391,499 ($0 Banked)
    That’s just forever flowing money into their pockets if this happens.
     
    • Cosign Cosign x 3
  4. DMorgan

    DMorgan DEATH TO ALL RATS

    2,495
    1,683
    113
    ABW Bucks:
    $114,969
    ABW Bucks:
    $114,969 ($0 Banked)
    That's great for them if it comes off.

    Would really love to see a black news channel/network.
     
    • Cosign Cosign x 3
  5. #1hiphopjunki3

    #1hiphopjunki3 Go Spurs Go!!

    378
    364
    63
    ABW Bucks:
    $11,324
    ABW Bucks:
    $11,324 ($0 Banked)
    I wish them well. I kinda wished that they got an investment group with a couple of other wealthy African/ African Americans or minorities to buy the YES network. That would be even more outstanding
     
    • Cosign Cosign x 1
  6. DOS_patos

    DOS_patos Unverified Legion of Trill member

    9,935
    3,180
    113
    ABW Bucks:
    $714,353
    ABW Bucks:
    $714,353 ($0 Banked)
    im with this...just keep that jba off of it.
    i got $20 to put in on this
     
  7. genocide_cutter

    genocide_cutter Prominent Member

    1,731
    416
    83
    ABW Bucks:
    $173,874
    ABW Bucks:
    $173,874 ($0 Banked)
    When LL gonna release in the house on dvd?
     
    • LOL LOL x 5
  8. Black Caesar

    Black Caesar Prominent Member

    997
    553
    93
    ABW Bucks:
    $60,007
    ABW Bucks:
    $60,007 ($0 Banked)
    Loving this.
     
  9. konceptjones

    konceptjones Old School Playa

    5,567
    2,552
    113
    ABW Bucks:
    $682,448
    ABW Bucks:
    $682,448 ($0 Banked)
    Next up on the Summer Jam screen...
     
    • LOL LOL x 1
  10. IP360

    IP360 Official Bootyologist

    20,797
    6,693
    113
    ABW Bucks:
    $1,044,133
    ABW Bucks:
    $1,044,133 ($0 Banked)
    Post Style
    Black Excellence
     
  11. Mister

    Mister Prominent Member

    1,007
    491
    83
    ABW Bucks:
    $850,165
    ABW Bucks:
    $850,165 ($0 Banked)
    "Other bidders include private equity groups Apollo Global Management and the Sinclair Broadcast Group, but Ice Cube and LL have teamed up with billionaire Carolyn Rafaelian, giving them a huge advantage. Sources close to the situation say that the group is currently in talks with other possible investors interested in bidding alongside them, with the initial bids taking place as soon as tomorrow (Nov. 8)."

    From the Complex article.
     

Share This Page