Ulysses “Junior” Bridgeman now holds a guess within the league the place he has already performed.
Bridgeman was drafted into the NBA in 1975 and chosen by the Los Angeles Lakers because the eighth total decide within the first spherical, Basketball Reference experiences. Bridgeman continued his profession within the league with 9 seasons for the Milwaukee Bucks, adopted by a two-year stint with the Los Angeles Clippers, earlier than returning to the Bucks for his remaining season and retiring in 1987, Sports activities Illustrated talked about.
At his peak, he earned $350,000 in a single season, AFROTECH™ Nevertheless, his fortune has grown far past the NBA, amassing $600 million. His enterprise portfolio included Wendy’s and Chili’s restaurant franchises, although he later offered his stakes in 2016 and shortly after grew to become a Coca-Cola distributor. The basketball veteran has additionally owned Ebony and Jet Journal since 2020. He bought the publications for $14 million after they filed for chapter.
In a full-circle second, Bridgeman is becoming a member of the Bucks once more, however this time as a workforce proprietor. He reportedly purchased a ten % stake within the workforce — which is valued at $4 billion — in line with individuals aware of the deal, by Radio-Canada.
“Bridgeman…will get a 15 % low cost as most well-liked sponsor, at a $3.4 billion valuation, to purchase a bit of the workforce he performed for from 1975 to 1984,” the sources stated, in line with the outlet.
He joins one other outstanding businessman and NBA Corridor of Famer who had secured a stake in an NBA workforce. As beforehand reported by AFROTECH™, Michael Jordan, who has a fortune of $3.2 billion internet price, owned the Charlotte Hornets. In 2006, he was a minority shareholder and have become a majority shareholder 4 years later in a deal valued at between $180 million and $275 million.
Jordan offered his stake in 2023, reportedly valuing the workforce at $3 billion. mentions Journalist.
