Activists Call for NFL to Make Deposits Into Black-owned Banks While Nike Give Bigly to GOP
Activists in Seattle are calling for the NFL and Seattle Seahawks owner Paul Allen to deposit 10% of all revenue, as well as one-third of the funds making up player pensions, into Black-owned banks. A couple of weeks ago Allen -- who also co-founded Microsoft -- reportedly became a major donor of the Republican Party, and the Trump agenda, with campaign donations of up to $100,000 dollars to various GOP candidates. One of the leaders of the protest was Eddie Rye, Jr. -- the father of CNN commentator Angela Rye. He says that pro sports make a lot of money on the backs of Black athletes -- who make up to 75% of the athletes involved in pro sports -- yet the Black community doesn’t benefit economically from this disparity. “ESPN, CBS, were biding over 1 billion dollars to have the broadcast right of NFL games. So out of all the money being generated and the NFL being 70 percent Black, none of that money is coming back to the Black community,” Rye said. A group of retired NFL players has put their support behind the NFL/Black Community Revenue Sharing Program presented to the NFL that would require NFL teams to deposit 10% of their annual revenue and 1/3 of the NFL Players Pension Fund be deposited into Black-owned Banks. In related news, an analysis of contributions by the nonpartisan Center for Responsive Politics found that Nike workers and the company’s PAC gave $424,000 to Republican candidates or the GOP this year compared with $122,000 to Democratic candidates or the party. In fact, Nike has donated more to Republicans than Democrats in every election cycle since 2010 -- except for 2016. Nearly half of all of Nike’s political spending came from individual contributions made by company Co-Founder and Chairman Emeritus Phil Knight, a registered Republican, and his wife, Penny. Online sales for Nike gear have soared and the company’s market value has skyrocketed $6 billion since they announced Colin Kaepernick the face of the 30-year anniversary of the “Just Do It” campaign. More on the Allen protests here.