[AP] Nelly joins Bobcats ownership group
http://www.covers.com/includes/articles.aspx?theArt=27930&tid=25&t=1
Jul. 19, 2004. 07:23 PM
Nelly joins Bobcats ownership group
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.
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