Howard University Men’s Basketball Coach Seeks $100 Million Investment Deal

Howard University’s men’s basketball coach, Kenny Blakeney, is making waves with his proposal to potential investors. Blakeney is reportedly seeking to sell a 33% stake in the program for a whopping $100 million, in a move that highlights the evolving landscape of college athletics.

In an interview with the Washington Post, Blakeney emphasized the increasingly business-oriented nature of college sports. He has already met with a private equity firm and spoken with investors about potential upgrades to the team’s arena, roster improvements, and a potential move to a larger conference. Currently, Howard plays in the Mid-Eastern Athletic Conference.

While the athletic department has not yet commented on the proposal, Blakeney is holding off on further discussions with school officials until investors are secured. The ambitious plan reflects the changing dynamics of college sports, particularly in light of recent developments such as name, image, and likeness (NIL) rights for athletes and the transfer portal.

Blakeney acknowledges the challenges of securing such a significant investment but sees a window of opportunity in the rapidly evolving landscape of college athletics. The NCAA and major conferences have already agreed to revenue-sharing plans with athletes, signaling a shift towards greater financial opportunities for student-athletes.

As Blakeney’s proposal gains attention, it serves as a reminder of the innovative strategies that schools may adopt to navigate the changing landscape of college sports and ensure the success and sustainability of their athletic programs.