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Nelly Gets A Piece Of The Bobcats

NBA expansion team

Charlotte Bobcats announced today that rapper Nelly is now a part-owner of the

team.

Nelly joins the

ranks of owners that include Bob Johnson, the team’s majority owner and

billionaire founder of Black Entertainment Television (BET), Hugh McColl Jr.,

former CEO of Bank of America and others.

"This is a

great opportunity for both the Bobcats and Nelly," Johnson said. "Nelly

is a great entertainer and a smart businessman and those two traits will serve

us well as we prepare to tip off our inaugural season this fall."

Nelly, who has

already snagged three Grammy’s and sold tens of millions of records, said

that owning a part of the team was one of the biggest achievements of his career.

"To be able

to make this move with Bob Johnson and to be a part of the first-ever minority

owned professional sports franchise in history is a great opportunity,”

Nelly said. "Bob and I share the same commitment to diversity and we are

both self-made, having worked up from the very bottom to reach where we are

today."

Shortly, Nelly

will drop two separate albums, one called Sweat and the other named

Suit.

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