Master P Makes Bid Doe Reebok - Noise11.com
Master P

Master P

Master P Makes Bid Doe Reebok

by Music-News.com on December 30, 2020

in News

Rap mogul Master P and former basketball player Baron Davis are in talks to buy sportswear company Reebok for $2.4 billion.

The pair has entered into negotiations with parent company Adidas to acquire the brand, according to Forbes.

Adidas executives purchased Reebok for $3.8 billion in 2005, but they haven’t had the success they had hoped for.

Master P, real name Percy Robert Miller, has confirmed the news to ESPN, stating: “These companies have been benefiting off us, this could be history for this company going black-owned…

“Imagine if Michael Jordan owned Reebok? That’s what I’m talking about making history. As we focus on turning Reebok into a lifestyle brand not just a basketball brand, our most important initiative will be to put money back into the community that built this company,” the rapper and producer added.

He also took to social media to share his vision for the sportswear giant, and said his business decision was inspired by former Philadelphia 76ers basketball player Allen Iverson.

“Crown @alleniverson and give him his righteous icon status for being probably the most elite athlete wearing Reebok,” the 50-year-old wrote. “Allen Iverson is Jordan for Reebok. Nobody never gave him the royalties or ownership as the icon for the brand.”

Master P is estimated to be worth around $200 million (£148 million), and is the founder of record label No Limit Records, home to hip hop artists including Snoop Dogg and Mystikal.

music-news.com

Noise11.com

Follow Noise11 on Social Media

NEW: Noise11 on YouTube SUBSCRIBE

Noise11 on Instagram

You’ll discover music news first following Noise11 on Twitter

Comment on the news of the day, join Noise11 on Facebook

Related Posts

Hoodoo Gurus Stoneage Romeos 40th anniversary edition
Hoodoo Gurus ‘Stoneage Romeos’ Turns 40

Hoodoo Gurus debut album ‘Stoneage Romeos’ turned 40 this month. The album was released in Australia in March 1984 and in the USA in September 1984.

20 hours ago
10cc in Melbourne 25 June 2023 photo by Winston Robinson
Kevin Godley Reunites With 10cc In London

10cc had a special reunion at their London show this week when former member and co-founder Kevin Godley joined the band at the Royal Albert Hall on Monday night (25 March 2024).

1 day ago
Peter Gabriel
Peter Gabriel To Release ‘Back To Front – Live In London’ DVD

Australia missed out on the Peter Gabriel tour but we will get the DVD.

1 day ago
Kylie Minogue photo by Ros O'Gorman
Kylie Minogue Heartbroken By Splendour In The Grass

Kylie Minogue has expressed sadness over an Australian music festival's cancellation.

1 day ago
Michael Jackson Thriller vinyl
Michael Jackson Jacket is Up For Auction

One of Michael Jackson’s personally owned “Thriller” jackets is being offered for sale at Gottahaverockandroll.com

1 day ago
Tim and Neil Finn I See Red rehearsals in LA 2004
Split Enz Fans, Watch The Finn Brothers Rehearse ‘I See Red’

Split Enz/Crowded House archivist Peter Green has offered up another rare fine, Tim and Neil Finn rehearsing their Split Enz classic ‘I See Red’ in Los Angeles in 2004.

2 days ago
Bruce Springsteen Named First International Ivors Fellow

Bruce Springsteen is set become the first international songwriter to become a Fellow of The Ivors Academy.

2 days ago