LL Cool J and Ice Cube Are Teaming Up To Buy Sports TV Stations
According to TMZ , LL Cool J and Ice Cube are positioned as a portion of an elite group seeking to purchase 22 sports stations that Disney is being required to sell.
Essentially Disney had acquired the 22 stations as part of its $71 billion acquisition of 21st Century Fox. With Disney already holding the power as the majority owner of ESPN, officials believe that allowing them to own the 22 sports stations would give them too much influence/power in the sports TV arena. It’s pretty crazy that this was even a possibility, but, capitalism - amirite?
Billionaire Carolyn Rafaelian, the founder of Alex and Anj is reportedly a major partner in the deal, as all 22 stations are expected to range from $15 to $25 billion in the sale.