facebook
twitter
rss
account
search
search
 

Mystics get ground-breaking new owner

May 25, 2005 at 9:06 AM   |   Comments

WASHINGTON, May 25 (UPI) -- Former television executive Sheila Johnson has become the first African-American woman to own a piece of a franchise in the WNBA.

Johnson, whose former husband, Bob Johnson, owns the NBA's Charlotte Bobcats, Tuesday became part owner of the Washington Mystics. Sheila Johnson co-founded Black Entertainment Television with Bob Johnson and is a partner of Washington-base Lincoln Holdings LLC.

"I am extremely proud to make this announcement," former Mystics owner Abe Pollin told a Tuesday news conference. "I have known Sheila Johnson for 20 years and I have been absolutely impressed with her enthusiasm and business acumen. She will be a tremendous owner, and most importantly she is the ideal person to continue to guide this team that Irene and I founded."

Johnson becomes president, managing partner and governor for the Mystics.

She is believed to be the first African-American woman to be an owner/partner in three professional sports franchises, including the Washington Wizards and Washington Capitals.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
UPI horse racing weekend preview UPI horse racing weekend preview
2
Jameis Winston suspended for entire game against Clemson Jameis Winston suspended for entire game against Clemson
3
LeBron James reveals his new Nike shoes LeBron James reveals his new Nike shoes
4
Peyton Manning implies legal weed is good for his Papa John's franchises Peyton Manning implies legal weed is good for his Papa John's franchises
5
NFL Commissioner Roger Goodell: 'I don't expect anyone to take my word' NFL Commissioner Roger Goodell: 'I don't expect anyone to take my word'
Trending News
Video
x
Feedback