Ice Cube & LL Cool J Reportedly Get Billions In Backing to Buy 22 Sports Channels

LL Cool J and Ice Cube are a step closer to purchasing 22 sports channels after several outlets reported the two received several billion dollars in commitments of financial backing for their bid.

News of the actors trying to buy the channels came in November after the Justice Department forced Disney, which already owns ESPN, to sell them because it would have too much monopoly power in sports channels.

Others joining Cube and Cool J’s bid include the founder of Alex and Ani jewelry, Carolyn Rafaelian, who designed the championship rings for Cube’s BIG3 basketball league in the past.

The channels up for grabs include the New York based YES network, which broadcasts Yankee and Knicks’ games, Fox Sports Detroit, Fox Sports San Diego, and Fox Sports Arizona. Disney is meeting regulators’ demands to sell the sports channel as a condition completing an acquisition of a major slice of 21st Century Fox properties.

Cube has already reportedly met with Rafaelian and the other financial backers last week to iron how much they’ll actually bid. And if the rappers-turned-actors are successful in getting the channels, they’ll cater to younger sports fans, which is something Cube alluded to last year.

“It’s time for the world to get sports and culture presented to them in a fresh new way,” he told XXL.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sources: 

Atlantablackstar.com

 

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