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Nelly becomes part owner of the Charlotte Bobcats

07.19.2004 - Updated on 09.30.2005

NBA expansion team Charlotte Bobcats announced today that rapper Nelly is now a part-owner of the team.

Nelly joins a group of investors which includes BET’s founder Bob Johnson, the team’s majority owner.

"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,” Nelly said.

“Nelly is a great entertainer and a smart businessman and those two traits will serve us well as we prepare to tip off our inaugural season this fall,” Robert L. Johnson, the team’s majority owner and the founder of Black Entertainment Television, said Monday in a news release.

1 Comments: Nelly becomes part owner of the Charlotte Bobcats

Posted by
Linda Brooks
on 06.28.2008

This comment is for Nelly,I have always admired you although I am a 50 year old women, but you are a special person. You stand out from all the other rappers because you have a genuine quality. I know this because of how you tirelessly stood by your sister when she was ill. Well I just wanted to say Hi, and keep up the good work!! .

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