*As the world turns, and as the media spins, the dust will eventually settle on the whole issue with Donald Sterling – owner of the Los Angeles Clippers – and the well-publicized inappropriate remarks he’s made and continues to make.
Is there anything to be gleaned from this most unfortunate circumstance? Entrepreneur, actor, author and filmmaker Baron Jay Littleton Jr. thinks there is. Littleton (preferring the name Baron) worked for Sterling in property management and real estate positions from 2005 to 2011.
During those years and since, he’s attended many Clippers games thereby gaining inside experience and knowledge working with billionaire/millionaire owners, athletes and business professionals from diverse cultures.
“While working with Sterling I learned how he ran and managed his multi-billionaire Beverly Hills Property company for less than two million dollars a year,” Baron says. “He ran a tight ship and showed me a lot about how to leverage money and run a billion dollar empire.”
Ever the optimist, Baron sees an unprecedented opportunity for the Clippers players to become interested in having their own fund and board to invest in real estate, and buying debt, pennies on the dollar. He proposes to establish a diverse board of directors made up of athletes and business professionals to create a platform to best utilize EB5 funds from Chinese investors.
“The board would govern investments in businesses and projects that would create jobs where I and most NBA players come from…middle and lower class…here in the United States. It’s a ‘Green Card’ [in exchange] deal for Chinese investors,” he says.
Baron calls it cooperative capitalism. He has a history of being undaunted in his quests. As a youngster growing up in Detroit he wrote a letter to the equipment manager of the Detroit Tigers baseball club, got interviewed and became a Bat Boy for the team – he was in the major league! Having that early experience only grew his confidence which expanded into all of his aforementioned credentials including debt purchasing and philanthropy entrepreneurship. To this day Mike Ilitch – owner of the Detroit Tigers, the Detroit Red Wings and Little Caesar’s Pizza – still takes his calls. So he obviously has proven to be a viable player with many years of experience in the high stakes arena.
Concerning the trumped up rift between basketball legend Magic Johnson and Sterling, Baron feels he can step into the gap because he knows Sterling and he has some things in common with Johnson – he and Johnson are both from Michigan; members of West Angeles Church of God and Christ under Bishop Charles E. Blake; Spartan Athletes (Baron was a walk on football player under Michigan’s legendary coach Nick Saban).
With that he feels he can bring about some reasoning and turn a bad situation into something good. Despite all the negativity surrounding the Sterling fiasco, Baron sees it as a golden opportunity for the Clippers players to expand their horizons and to open a gateway for all NBA players now and in the future.
To learn more about the EB-5 Visa program please click on the link http://www.uscis.gov/working-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/eb-5-immigrant-investor
Baron may be reached at: www.baronjay.com and (818)-568-3330