Candace Parker, Women’s National Basketball extraordinaire, recently joined the ownership ranks of the National Women’s Soccer League’s Angel City team. Like tennis phenom Serena Williams who is also part-owner, Parker included her young daughter in the ownership agreement.
While Black parent/child business models offer an exciting way to seed continuity, these partnerships become even more note worthy when they tap into a $500 billion sports industry largely dependent on Black talent. William Rhoden’s publication “Forty Million Dollar Slaves” offers a reminder of how Black athletes sustain an industry in which they have very little control. Click here to learn more about Parker’s plans that signal a shift in the ownership dynamics of professional sports.