Home / Full timeline / Black American businessmen Bertram Lee and Peter Bynoe purchase the Denver Nuggets of the National Basketball Association for $65 million, making them the first Blacks to ever own a professional sports franchise.
Black American businessmen Bertram Lee and Peter Bynoe purchase the Denver Nuggets of the National Basketball Association for $65 million, making them the first Blacks to ever own a professional sports franchise.
1989 (Jul 10)
Black American businessmen Bertram Lee of Boston, Massachusetts, and Peter Bynoe of Chicago, Illinois, purchased the Denver Nuggets of the National Basketball Association for $65 million. They became the first Blacks ever to own a professional sports franchise. After the purchase, Lee commented, “Do we overestimate the significance of a barrier coming down? A barrier that presumably had to do with other than people's abilities or their financial wherewithal? No, I don't think so. I think the analogy about Jackie Robinson is something that is very special to me. If breaking the color barrier in ownership is sort of put up there with that, I'm honored by it."
References:
- • Hornsby, Alton. Chronology of African-American History: Significant Events and People from 1619 to the Present. Detroit: Gale Research, 1995.