Lincoln Holdings Purchase Mystics

Deal makes BET co-founder Sheila Johnson part owner of three professional sports franchises

with his investment in the New Jersey Nets. And Usher ventured from crooning in venues to owning a team that plays in one with his stake in the Cleveland Cavaliers.

The NFL almost had its first taste of majority black ownership when Arizona businessman Reggie Fowler spearheaded a $600 million-plus deal to purchase the Minnesota Vikings. The transaction was approved in June, but Fowler has since become only a limited investor. — Tennille Robinson

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