Article: Lee, Bertram M. Sr. 19392003

Bertram M. Lee, Sr. 1939 2003

Entrepreneur

Declared Bankruptcy

Pioneered Black TV Station Ownership

Bought Denver Nuggets

Returned to Chicago

Sources

Bertram M. Lee, Sr. made history in 1989 when he became the first African American to hold a majority stake in a major-league U.S. sports franchise. Lee and his partners, who included the late U.S. Secretary of Commerce Ron Brown, acquired the National Basketball Association s Denver Nuggets team for $65 million. At the time, Lee stressed that affirmative action had played no part in the historic ownership deal. As African Americans, in these kind[s] of transactions, one of the things we fight is the tendency for ...

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