LL Cool J & Ice Cube might be trying to purchase some local sports TV stations
The Hustle

LL Cool J & Ice Cube might be trying to purchase some local sports TV stations

Disney is running out the clock on offloading the 22 Fox Sports Networks it acquired from 21st Century, and LL Cool J and Ice Cube have teamed with a jewelry billionaire to throw their hats in the ring.

According to TMZ Sports, lyrical-legends-turned-respected-businessmen LL Cool J and Ice Cube have paired with jewelry tycoon (and billionaire) Carolyn Rafaelian to quietly court 22 different sports stations left on the market after the Disney-21st Century Fox merger.

Fox’s free agents

Just as Walt Disney Co. was about to reel in its $71B fish (AKA, a collection of 21st Century Fox assets), the Justice Department said they would only approve the deal if Disney agreed to sell Fox’s 22 regional sports networks.

Disney was granted 90 days from its closing date with Fox to sell all 22 networks, including YES (a network that holds the rights to New York Yankees games) and Fox Sports West (rights holder for many LA-based sports teams). 

LL and Cube aren’t the only ones looking to get in the mix

The multi-hyphenates are up against some stiff competition, with private equity firms Apollo Global and the Blackstone Group, as well as media conglomerate Sinclair Broadcast Group.

YES network is arguably the biggest get of the lot, as Disney reportedly wants $5B to $6B for the Yankees affiliate, and for a total package deal, Disney is aiming in the $15B to $25B price range.

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