Browns cornerback Denzel Ward has invested in the Cleveland Guardians.
For many years, professional sports depended on Black athletes for their skills and cultural impact, while mostly white ownership groups enjoyed steady economic benefits. Record-breaking contract guarantees are now causing a change in corporate ownership. On Sept. 9, Denzel Ward’s purchase of a minority interest in Major League Baseball’s Cleveland Guardians was more than a local investment; it reflects a broader trend of Black athletes using their high incomes to gain long-term equity in professional sports teams.
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