Los Angeles Lakers superstar LeBron James is building quite the business portfolio off the court, and is eyeing an ownership stake in the Boston Red Sox franchise as his next big move.
James is joining Fenway Sports Group as a partner, which also owns the Premier League football club Liverpool that The King had a stake in beginning in 2011.
LeBron James preparing for Boston Red Sox ownership
Michael Silverman of The Boston Globe broke the news of James’ involvement in the Red Sox ownership, and provided further context in his report, indicating Maverick Carter will also join James as part of Fenway Sports Group.
Considering he’s often seen sporting a New York Yankees cap, it’s certainly a surprise that James is taking this opportunity on since Boston is the Bronx Bombers’ arch-rival. However, it’s an incredible chance to cross over into other major sports, and James saw the obvious upside in partnering with Fenway Sports Group.
According to Forbes, the Red Sox are the 16th-most valuable major sports franchise in the world at $3.3 billion. Current team owners John Henry and Thomas Werner purchased the team back in 2002 for a cool $380 million, so business is definitely booming.
After two seasons of failing to make the playoffs off their 2018 run to a World Series championship, it’s only a matter of time before Boston is back on top.
James brings obvious name brand recognition and a unique wrinkle to the Red Sox ownership group. He’s following in the footsteps of fellow Lakers legend Magic Johnson, who became a part owner of the Los Angeles Dodgers back in 2012. Unlike Magic, though, LeBron is setting up this big business opportunity while his playing career is still going.
Again, James just keeps getting involved in all kinds of spectacular things away from the hardwood. He has his own production company, SpringHill Entertainment, and will even star in his own movie, Space Jam: A New Legacy, which hits theaters and the streaming service HBO Max on July 16.