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American rapper Percy “Master P” Miller and NBA all-star Baron Davis announced that they’re planning to become the new owners of sportswear company Reebok. According to reports, Miller confirmed that he’s currently negotiating with Reebok with his partner, Davis.
Reebok is one of the most popular shoe brands in the NBA. It was once endorsed by NBA Legend Allen Iverson. John Wall also signed a 5 year, $25 million endorsement contract with Reebok. However, there’s a lot of competition today when it comes to shoe brands. Apparently, Under Armour released the Curry brand. Nike also revealed several colorways of LeBron 18, which is expected to be released in the New Year.
Percy “Master P” Miller and Baron Davis Are Planning To Acquire Reebok
According to reports, Percy Miller is currently in negotiations to acquire Reebok. During an interview, Miller said, “These companies have been benefiting off us, this could be history for this company going Black-owned.” Miller also revealed that he partnered with former NBA player Baron Davis to buy the sportswear company. Reebok is currently owned by Adidas. There are reports stating that the asking price for the sportswear company is around $2.4 billion. According to Davis, “I think Reebok is being undervalued. I left Nike as a 22-year-old kid representing myself and made the jump to Reebok, which took a chance on me as a creative and as an athlete.”
Miller also said that their main focus is to turn Reebok into a lifestyle brand and not just a basketball brand. He also plans to bring back the money to the community that built the company.
Baron Davis Is Now A Well-Known Investor
Former NBA player Baron Davis is one of the most dominating point guards during his days in the league. He was drafted by the Charlotte Hornets and later played on New Orleans Hornets, Golden State Warriors, Los Angeles Clippers, Cleveland Cavaliers, and New York Knicks. Davis also became a successful entrepreneur after his NBA career. He currently has 20 investments. He also founded the Business Inside the Game, also known as BIG. It’s a traveling live event that helps people learn about different aspects of business and bring a positive impact to society. Davis currently has an estimated net worth of $60 million.
Fans React To Master P’s Plan On Buying Reebok
Percy Miller is one of the most popular hip-hop music artists of all-time. At one point, he outsold The Beastie Boys, Eminem, Jay-Z, Kanye West, and Lil’ Wayne. Now, fans reacted to Master P’s plans on acquiring Reebok. In a social media post, a fan said “I hope they get it. The fact they’re even in a position to acquire a company like Reebok is a win.”
Another fan also said, “I promise to never buy another brand of shoes if this happens!!” Miller also had a short NBA career. He signed preseason contracts with the Charlotte Hornets in 1998 and Toronto Raptors in 1999.
Will Master P and Davis bring back the popularity of Reebok?