Former President Barack Obama is taking his love for basketball to the ownership level.
He now has a minority stake in the National Basketball Association’s Africa Organization as a strategic partner.
The league kicked off the Africa organization, which currently manages the Basketball Africa League (BAL) this past May. So far, NBA Commissioner Adam Silver said it’s almost reached a $1 billion value.
The NBA confirmed Barack Obama’s role and said he plans to use his ownership status to help raise money for the Obama Foundation programs in the continent. He wants to push forward the NBA’s initiatives concerning social responsibility via programs that back gender equality and economic inclusion.
Obama, who was the 44th US president, often played basketball during his tenure in the White House and highlighted his love for the sport.
“Even though I never had the talent to play at the highest level, basketball still shaped my life. It taught me how to work hard, how to compete, how to be part of a team,” he says in a video accompanying the announcement on the NBA’s website.
As previously reported, rap star J Cole briefly joined the Basketball Africa League earlier this year.
We’d sure love to see a pick up game between Barack and Cole. In the meantime we can’t wait to see who makes the guest list for Obama’s upcoming 60th birthday bash.
According to reports, he’s planning massive bash at his $11 million Martha’s Vineyard mansion. The bash is going down on August 4 and guests have been asked to provide a negative COVID-19 test
We’re sure his A-list friends like Oprah and Sting and George Clooney will be in attendance.