The NBA needs more black owners
Donald Sterling and Bruce Levenson have shown that when the demographics of the property of the league are more like those of their player base and fan. 75% of NBA players are black, as are 45% of the television audience in the league. In 49 major league owners (divided into 30 teams), however,Michael Jordan is the only African American.
Although social push for owners more accountable for their feelings and actions take place, clouds assessment of equipment is making it difficult for anyone, but really rich take over the world of a computer. Sterling made a huge profit record of $ 2 billion sale of his wife of Los Angeles Clippers and Levenson is eager to profit from the sale of the Atlanta Hawks, in similar circumstances, unfortunately. In announcing his departure from the Hawks, Levenson admitted he had written an email accusing fanbase team being "too black" and other racially insensitive remarks. Because Levenson said the e-mail before it could be posted by any other person who has received relatively little backlash for his words compared to Donald Sterling.
The controversy surrounding Levenson is smaller than it was with Sterling, but the benefit will also be lower. In January, Forbes magazine estimated the value of the Hawks at $ 425 million the third lowest in the league. The team could feasibly sell for much more, especially considering the Milwaukee Bucks beat Forbes estimated $ 405 million when it sold $ 550 million earlier this year value. Both Milwaukee and Atlanta are smaller than Los Angeles or New York markets, but the Dallas Mavericks owner Mark Cuban, most still refer to the sales price of the Bucks as "a bargain", indicating that all NBA franchises are really worth at least $ 1 billion.
Just this year, reached the estimated net value of $ 1,000,000,000 Jordan reference, a feat achieved by increasing its majority stake in the Bobcats from 80% to 89.5%. This makes one of the nine Jordan black multimillion worldwide, 1,645 in total. The only other African-American on the list is Oprah Winfrey. To purchase the Los Angeles Clippers, Oprah would have had to spend most of his estimated $ 2,700 million net worth.
Even with a selling price of $ 425 million, however, it is statistically unlikely that an African American will become the new majority owner of the Atlanta Hawks. At 76%, the vast majority of American millionaires are white, while only 8% are black. To be fair, the NBA has two other owners of different ethnic backgrounds, but the net worth of India Vivek Ranadive owner Sacremento Kings is estimated at $ 700 million and Brooklyn Nets Russian owner, Mikhail Prokhorov has an amazing estimated net worth $ 13 billion. Taking race out of the equation, there is a select group of people who could even afford to buy any NBA team. What Bill Simmons accurately referred to as "the most exclusive club in the world" in an article earlier this year Grantland only expected to be more exclusive as the years pass.
To say that the NBA needs more black owners, then, is to say that the country or the world needs more black millionaires and billionaires. Not impossible, but considering the direction and speed at which things are going, it is too improbable. A complex national history of race relations and inequality of wealth has led us to this point, where the public is not sufficiently represented by those in power.
The best we can expect, then, is that those who are lucky enough to buy an NBA team are in contact with the racial and economic diversity of their fan base. If the richest in the world must be the ones in control of the franchise in the league, they need to ensure that all players, coaches, staff and fans are at least treated as equals.
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