LeBron is diversifying his portfolio as part owner ...............
NBA Star Lebron James Set to Become Part Owner of Red Sox
NBA star Lebron James is set to become part-owner of the Red Sox pending MLB approval, reports
the Boston Globe.
Business partner Maverick Carter also bought into the MLB club’s company, Fenway Sports Group, for an undisclosed price. The Red Sox are reportedly worth an estimated $3.3 billion, according to Forbes.
Carter and James will become the first and only Black partners in FSG, which is currently controlled by Red Sox principal owner John Henry, FSG president Michael Gordon and chairman Tom Werner.
James, a four-time world champ who was born in Akron, Ohio, in the past said he was an Indians and a New York Yankees fan. He has invested in sports properties in the past, including the Liverpool soccer franchise in 2011. The new development would mean a deeper relationship.
FSG on Tuesday also reported a $750 million private investment from RedBird Capital partners, a New York and Dallas-based investment group.
The deal also gives Lebron partial ownership in NASCAR team Roush Fenway Racing and sports cable network NESN.
Neither party has said anything publicly on the deal.