News
Oakland Businesses Propose $92 Million to Create First Black-Owned NFL Team
A group of African American entrepreneurs and business people have put together a history-making proposal to purchase the Oakland Coliseum for $92 million to create the first Black-owned NFL team.
This is more than just about football, says Ray Bobbitt one of the Oakland business owners and a member of the African American Sports and Entertainment Group (ASSEG), which developed the proposal.
“Historic design, having it be the first African-American owned football team in the NFL,” he said.
Seventy percent of the players in the National Football League are Black, and the NFL made about $16 billion in national revenue in 2019. Yet there has never been a Black-owned team In the history of the league.
A lifelong Raider fan who grew up in Oakland, he views the proposal as much more than about sports: it is a way to enrich and empower the community. “We would add an educational component to the facility,” Bobbitt said. “We want to add a Bay Area sports and entertainment museum, utilize funds to help increase education in East Oakland.”
Bobbitt’s development team includes sports agent Bill Duffy of BDA sports management, one of the world’s top ranked sports agencies; Oakland developer Alan Dones of Strategic Urban Development Alliance, one of Oakland’s largest African-American real estate development firms; former Oakland City Manager Robert Bobb, who heads an African American-owned national consulting firm to both public and private sector clients; and Loop Capital, the largest African American-owned, full services investment banking brokerage, financial advisory and investment management organization.
In a letter to Oakland Mayor Libby Schaaf and Oakland City Council members, Bobbitt wrote for the AASEG team, “We recognize the interests of city leadership in the holistic redevelopment of the Coliseum area….(and) in maintaining a home for its Major League Baseball franchise.”
“We believe that all these objectives can be achieved and to these ends, we have assembled a Master Development Team well-capable of marshaling the resources and expertise necessary to transform our mutual interests into reality.”
Taking into consideration the aspirations of Oakland residents, the ASSEG Team’s proposal includes:
- Local hiring with priority on racial equity;
- Inclusion of local and small business contractors and businesses;
- Environmentally-friendly landscaping and sustainable, energy-efficient design;
- Anti-displacement assistance and housing preservation policies for residents of the area;
- Affordable housing;
- Living wages, benefits and stable employment opportunities
Concluding the letter, Bobbitt wrote:
“As America wrestles with social change, social justice and economic justice, Oakland can lead the way by demonstrating what the real impact is. As proud Oakland (residents), it is a part of our DNA. It is simply who we are and what we do best.
“We look forward to helping lead that change in the City of Oakland.”
City Council President Rebecca Kaplan told the Oakland Post that she is enthusiastic about what the proposal can mean for the community.
“I’m excited about the possibility of more African American-owned businesses in Oakland and economic development and housing and more that benefits the community including WNBA, affordable housing, restaurants, hotels, local jobs and more,” said Kaplan.
Justin Berton, a spokesperson for Schaaf, said:
“The mayor has tremendous respect for Mr. Bobbitt and other Black entrepreneurs who want to make significant investments in Oakland, as well as claim long overdue ownership stakes within industries like the NFL.
“The vision of Mr. Bobbitt’s group is a historic one that would make Oakland the home to the first African American-owned football team in the NFL — a league that desperately needs more diversity among its fraternity of owners.”
Activism
Oakland Post: Week of November 5 – 11, 2025
The printed Weekly Edition of the Oakland Post: Week of November 5 – 11, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
#NNPA BlackPress
Michael: The King of Pop’s Story Returns to the Big Screen
BLACKPRESSUSA NEWSWIRE — The curtain has finally lifted on one of Hollywood’s most anticipated films. Lionsgate has unveiled the official trailer and release date for “Michael,” the sweeping biopic about Michael Jackson that has been years in the making.
By Stacy M. Brown
Black Press USA Senior National Correspondent
The curtain has finally lifted on one of Hollywood’s most anticipated films. Lionsgate has unveiled the official trailer and release date for “Michael,” the sweeping biopic about Michael Jackson that has been years in the making. Directed by Antoine Fuqua, the film will arrive in theaters on April 24, 2026, with the singer’s nephew, Jaafar Jackson, stepping into the spotlight to portray his legendary uncle.
The trailer wastes no time rekindling the aura of Jackson’s genius. Opening with a studio scene between Jackson and his longtime producer Quincy Jones, played by Kendrick Sampson, the clip builds from a quiet, familiar rhythm to the electrifying pulse of “Wanna Be Startin’ Somethin’.” Viewers catch glimpses of the singer’s childhood, flashes of “Thriller,” and the silhouette that redefined pop culture. Each frame reminds fans of why Jackson remains unmatched in artistry and influence. The cast surrounding the late pop king’s nephew, Jaafar Jackson, reads like a who’s who of Black entertainment and music history. Colman Domingo plays Joe Jackson, Nia Long portrays Katherine Jackson, and Larenz Tate takes on the role of Motown founder Berry Gordy. Laura Harrier portrays music executive Suzanne de Passe, while Kat Graham embodies Diana Ross. Miles Teller plays attorney John Branca, a towering entertainment lawyer and longtime Jackson confidant who later became co-executor of his estate. The film’s journey to release has been as complicated as the icon it portrays. Production wrapped in 2024, but legal hurdles over depictions of past controversies forced extensive reshoots and editing delays. Even so, Fuqua’s film now appears ready to reclaim the narrative, focusing on Jackson’s creative ambition and humanity beyond tabloid noise. IndieWire reported that the film had faced “a massive legal snafu” over a disputed storyline but was retooled to center the music and legacy that defined generations.
Maven. Photo Credit: Glen Wilson
“Michael” promises more than a chronological retelling. It aims to explore how a child star from Gary, Indiana, became the world’s most influential entertainer. The script, written by Oscar-nominated John Logan, traces Jackson’s early years with the Jackson 5 through the triumphs and isolation of global superstardom. With Fuqua’s cinematic eye and producer Graham King—who brought “Bohemian Rhapsody” to life—joining forces with estate executors Branca and John McClain, the film is positioned as both a tribute and a restoration of Jackson’s cultural truth. Branca’s work behind the scenes has long shaped Jackson’s posthumous success. After the singer died in 2009, Branca and McClain took control of the estate burdened by debt and turned it into a global powerhouse worth billions. Under their stewardship, Jackson’s projects have generated more than $3 billion in worldwide ticket sales and landmark deals, including a $600 million joint venture with Sony earlier this year. At its heart, though, “Michael” is a story about artistry that transcends scandal. It offers a reminder that, despite the noise surrounding his life, Jackson’s music still bridges continents and generations. The trailer’s closing moments capture that spirit. As the beat of “Billie Jean” swells and Jaafar Jackson moonwalks into a spotlight, audiences are left with a familiar feeling—the awe of witnessing something timeless return home.
“Michael” opens worldwide in theaters April 24, 2026. See the official trailer here.
#NNPA BlackPress
Donald Trump Is the Biggest Loser
BLACKPRESSUSA NEWSWIRE — The Trump Brand took a significant hit as it was swept up in the Democratic blue wave of the election last night.
By April Ryan
The Trump Brand took a significant hit as it was swept up in the Democratic blue wave of the election last night.
Chris Jones, Democratic candidate for U.S. House of Representatives (AR-02), says, “Last night was electric, and it was unquestionably a wave.” Democrats won big in what is widely considered a repudiation of Trump’s 9 months at the White House in his second term.
In the state of Virginia, which produced the first big election night win and saw the election of the first woman governor, Democrat Abigail Spanberger, 56% of Virginia’s residents disapprove of President Trump. In New Jersey, 55% of state residents disapprove of the president; in New York, 69% disapprove; and in California, 63% disapprove of the president. The Trump brand or his support for any candidates did nothing to benefit those he endorsed in this election. They actually lost in each race he publicly put his name behind. Trump endorsed former New York Democratic Governor Andrew Cuomo, who lost the New York mayor’s race in his run as an independent. And New Jersey Republican Jack Ciattarelli, who ran for governor with the presidential endorsement, also lost his prospective race.
The next question is, will the democratic momentum be sustainable? Jones further explained, “This can become a 2026 tsunami, but turning a wave into a tsunami takes energy. A lot of energy. It doesn’t just happen. The conditions are there. Now we have to work!”
Some Democrats would argue that the work is already underway. The pushback against Trump’s national redistricting efforts received a thumb in the eye from California voters. Prop 50, California Governor Gavin Newsom’s counterbalance to President Trump’s redistricting efforts, passed in California last night. Although Trump’s name was not on the ballot last night, his Republican policies were. The United States has now entered the longest government shutdown in its history. Forty-two million Americans are not getting SNAP benefits. Economists are acknowledging that the government shutdown is contributing to the rise in delinquent debt in the student loan, automotive, and credit card industries. These items are among the negatives Americans are protesting against.
Compounding Trump’s political problems is a tariff battle that’s directly impacting pocketbooks. The day after the elections, the Trump administration was arguing before the US Supreme Court in favor of the president’s tariff powers. Meanwhile, President Trump‘s poll numbers are underwater, standing at a 37% national disapproval rate
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