Etem and Stewart are among the small but growing group of Black people in hockey ownership from junior levels to the NHL. They also are a part of a new generation of Black current and former athletes buying into franchises in various sports, from minor league baseball to professional soccer.
"It's historic," said Richard Lapchick, director of The Institute for Diversity & Ethics in Sport (TIDES) at the University of Central Florida. "We're seeing more, not a lot, but more Black ownership in the various major league teams, particularly in the NBA in the past year or so.
"So to have Black ownership starting to emerge in the NHL is important. For a league that's not as diverse, like the NHL, to have Black ownership, even at the junior levels, is a really important signal."
Etem and Stewart are part of a Black ownership list that includes David L. Steward, a tech industry giant and one of 13 Black billionaires worldwide, according to Forbes; he has a minority stake in the St. Louis Blues.
Black Entertainment Television co-founder Sheila Johnson and Earl W. Stafford, founder and CEO of the Wentworth Group LLC, a private investment and venture capital firm, are part owners of the Washington Capitals. Entertainers Will Smith and Jada Pinkett Smith and film producer James Lassiter are New Jersey Devils limited partners. Former NHL forward Jarome Iginla, who was elected to the Hockey Hall of Fame in June 2020, co-owns Kamloops of the Western Hockey League with four other former NHL players.
"The more representation within hockey, the better," said Etem, a Long Beach native who was selected by the Anaheim Ducks with the No. 29 pick in the 2010 NHL Draft and scored 46 points (22 goals, 24 assists) in 173 NHL games with the Ducks, New York Rangers and Vancouver Canucks before retiring in January 2019. "Hockey should be open to everyone with open arms. Me being Black, it's made me stronger, the camaraderie, and everything as a whole that it's done for me and my family. That's not to say it [hasn't] come with its hardships but for the most part it's definitely made a good life for me."