Los Angeles Lakers superstar LeBron James is joining the Fenway Sports Group as a partner, giving him an ownership stake in the Boston Red Sox.
The 36-year-old Los Angeles Lakers superstar is reportedly set to join the Fenway Sports Group as a partner, giving him an ownership stake in its subsidiaries that include the Boston Red Sox, Liverpool Football Club, Roush Fenway Racing and the regional sports network NESN.
James joins the group with his longtime friend and business partner Maverick Carter, making them the first Black partners in Fenway Sports Group history.
LeBron James adds ownership of Boston Red Sox to list of impressive off-court moves
Prior to the FSG move, James was already a two-percent owner of Liverpool, the current English Premier League champion. In conjunction with the deal, FSG received a $750 million investment from RedBird Capital Partners, according to The Boston Globe, which first reported James’ ownership stake.
This isn’t the first time we’ve seen James push for player ownership. Just over two weeks ago, he helped former Atlanta Dream player-turned sports analyst Renee Montgomery become a part-owner of the Dream.
These are definitely some impressive off-the-court moves for the King, who will be attempting to repeat as an NBA champion this summer. The four-time champ has owned the Boston Celtics for quite some time now, but that’s neither here nor there.
We’ll see if he still has a few tricks up his GM sleeve to get the Lakers past the other teams in the league gearing up to knock them off, but one thing is certain: LeBron probably won’t be able to get away with wearing all those Yankees hats anymore.