atlanticleague.com


Black Enterprise 'Real Estate Developer Becomes Only Black Majority Owner In Professional Baseball

By Derek Major, Black Enterprise

 

The CEO of a real estate and development company headquartered in Maryland has become the only Black majority owner of any professional baseball team in the U.S.

Brandon Bellamy, the chief executive officer of Velocity Cos., based in Prince George’s County, will become the owner of a new, yet-to-be-named expansion baseball club in Gastonia, North Carolina. The team will play in the Atlantic League of Professional Baseball.

The City of Gastonia announced the agreement Tuesday during a press conference at the Gastonia Conference Center.

“It is especially moving to me to be able to bring a team to North Carolina not that far away from where my dad grew up,” Bellamy told QCity Metro Tuesday.

Bellamy’s baseball team, which has not been named yet, will join the Atlantic League lineup next spring for the 2021 season and play in Gastonia’s 5,000-seat multipurpose ballpark once construction is completed.

According to city officials, the team’s stadium will anchor the overarching 16-acre Franklin Urban Sports and Entertainment (FUSE) District, which broke ground in downtown Gastonia last October. Bellamy’s company Velocity will manage the ballpark and collaborate on economic development projects tied to the stadium, including residential, retail, hotel, and office space properties.

Gastonia Mayor Walker Reid III said the agreement is a milestone for the city.

“This is a milestone for our city and an example of how public-private partnerships can revitalize a community, proving to be beneficial for everyone,” Reid said.

During the conference, Bellamy also commented on the status of being a majority Black baseball team owner.

“I believe in hope, opportunity, inspiration, period,” he said. “So before you ask me questions like that, if you are struggling with anything in your life and you need a push or some encouragement, and you get that from my story, then I’m for you. It doesn’t matter what you look like.”

A bevy of professional sports leagues have made efforts this summer to add diversity to their front offices. Earlier this month, Jason Wright became the first Black man to hold the position of team president for an NFL franchise. In June, Xavier Gutierrez became the NHL’s first Latino CEO for the Arizona Coyotes. Also, Brandon Thompson became the first person appointed to the newly created position of Vice President for Diversity and Inclusion for NASCAR.

 



Search Archive »




Browse by Year »

2020
2019
2018
2017
2016
2015

Browse by Month »

September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015