LeBron James (Photo by Getty Images/Getty Images for EIF & XQ)
#Roommates, LeBron James has already cemented his legacy in the world of basketball, but now he is set to make major moves in baseball as well—courtesy of a new partnership worth millions. According to recently confirmed reports, LeBron James is set to become the new co-owner of the Boston Red Sox baseball team in a business venture with Fenway Sports Group.
LeBron James has been making money and power moves for years—but this latest move could transition him into a multi-sport mogul. @BostonGlobe reports, Fenway Sport Group (which is the parent company of the Boston Red Sox) just finalized a $750 million private investment that would officially make RedBird Captial Partners it’s third-largest. However, the even bigger news is that with this new investment a new partner was added to the roster…enter NBA champion LeBron James.
Once Major League Baseball approves the deal in reportedly the next few weeks, LeBron will not only become a partner, but will also be named as a part owner of the Boston Red Sox. Additionally, he will also be co-owner of other Fenway Sports Group subsidiaries, including Roush Fenway Racing and Fenway Sports Management.
As of now, the amount of shares LeBron owns has not been undisclosed, but it’s said that it is considerably more than the current 2% percent he owns of the Liverpool, England soccer franchise.
He is also bringing someone very close to him along for the lucrative deal. LeBron’s close friend and long-time business partner Maverick Carter will be co-owner alongside him—making them the first Black partners in Fenway Sport Group history.
That’s definitely a welcomed dose of #BlackExcellence!
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