Hip-hop mogul Sean '' Combs has set his sights on becoming the first black majority owner of a top American football team.

The rap entrepreneur, who has his own Bad Boy Records label, clothing line and vodka brand, officially launched his own cable channel, RevoltTv, this week (begs21Oct13) and now he wants to focus his efforts on taking over a team in the National Football League (Nfl).

He tells Bloomberg Tv, "I'm more of an owner type of guy. So I have aspirations to become - it will happen - to become the first African-American majority owner. Not having a small stake but actually owning an Nfl team. I think it's time for that. A majority of the players in the Nfl are African-American but there are no African-American owners. So that's one of my dreams."

The star, who previously expressed an interest in buying London soccer club Crystal Palace, won't be the first hip-hop star to move into the sporting industry - Jay Z recently sold off his minority stake in the Brooklyn Nets basketball franchise in his native New York to become a sports agent. But Combs insists he won't be following his pal over to the administrative side of the business.

He says, "When I see my friend having a sports agency, I support him. When I get the calls, 'Oh, we need to do Bad Boy Sports,' I'm like, 'No, that's not my lane.' I stay in my lane."