Master P And Former NBA Player Baron Davis In Talks To Buy Reebok For $2.4 Billion Dollars
Now more than ever we hear icons in the Black community discussing the importance of ownership.
And now rapper turned businessman Master P, 53, and former NBA All-Star player Baron Davis, 41, who’ve also shown the importance of ownership, are in talks to buy Reebok for an astounding $2.4 billion dollars from its parent company Adidas.
According to Master P, who’s real name is Percy Miller, the two are ‘prepared financially’ after just two months of talks with Adidas.
ESPN NBA reporter Eric Woodyard tweeted the news,
Percy “Master P” Miller confirms to ESPN that he’s in negotiations to acquire Reebok with ex-NBA guard Baron Davis.
“These companies have been benefiting off us, this could be history for this company going Black-owned.” Miller tells ESPN.
Master P opened up to Woodyard stating,
‘These companies have been benefiting off us, this could be history for this company going black-owned.’
The No Limits founder went on to say,
‘Imagine if Michael Jordan owned Reebok? That’s what I’m talking about making history. As we focus on turning Reebok into a lifestyle brand not just a basketball brand, our most important initiative will be to put money back into the community that built this company.’
In a statement made to Forbes about the deal, Baron Davis said,
‘I think Reebok is being undervalued.’
‘I left Nike as a 22-year-old kid representing myself and made the jump to Reebok, which took a chance on me as a creative and as an athlete.
‘I want the people I know athletes, influencers, designers, celebs to sit at the table with me.’
Earlier this this year Master P announced several brand launches including Uncle P’s Louisiana Seasoned Rice, pancake mix and cereal brand Hoody Hoos. The music icon and his son Romeo Miller have partnered together and really advocated for ownership.
Romeo Miller previously talked about working with his father.
Me and my dad @masterp are night and day, but we are on the same mission, and that’s why we work so well together. What one lacks, the other has, but we never compare and compete. My message today is to simply work together; the Bible even says not to compete but to dominate. It’s not too many people that look like us that OWNS billion dollar companies, and we plan to blaze a path so all of that changes. The more we make, the more we can give. Ramen noodles has made over a trillion dollars since 1971. How much of that money goes back into our communities? Be inspired! Be creative! And know that if they can do it, then so can YOU. We are changing the game with our @officialrapsnacks Rap Noodles. Low sodium vegan flavors coming soon! #WeAllWeGot #FamilyBusiness #Ownership
Now that pro-ball is behind Baron Davis, he has since branched out to acting in films and television shows. He has also started his own business selling clothing, which seemingly falls right in line with this Reebok deal should it continue.
What do you think about the two businessmen in talks to buy Reebok? Let us know in the comments.