LL Cool J & Ice Cube Are Attempting To Purchase Sports TV Stations
How did all these sports channels suddenly become available? Blame it all
The billion dollar entertainment company scooped up 21st Century Fox, but lawmakers believe that since Disney owns ESPN, they shouldn’t be able to own all of Fox’s sports networks.
The Justice Department is forcing Disney to sell the sports stations. That includes Fox Sports San Diego, Fox Sports Arizona, Fox Sports Detroit, Fox Sports Southwest, and so on. Nestled in the list of
channels is the YES Network.
Acquiring the YES Network would be lucrative for whoever nabs the New York-based sports channel that broadcasts Yankee games.
The Yankees have one of the most loyal fan bases in all of sports. Disney claims that the YES Network is worth between $5 and $6 billion.
That’s nothing though, since the deal for all 22 sports channels is expected to be between $15 and $25 billion. Cube and LL have aligned themselves with billionaire Alex and Ani jewelry founder Carolyn Rafaelian. Initial bids for the channels are due in on November 8.