LeBron James has used his platform off the court to build schools, become a major player in Hollywood, fight for social justice issues and just about everything else in between. Today King James is one step closer to becoming a part-owner of the Boston Red Sox. The partnership with himself and business partner Mavrick Carter was shared via Twitter by Michael Silverman of the Boston Globe.
LeBron James to become part owner of Red Sox, both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history.— Michael Silverman (@MikeSilvermanBB) March 16, 2021
FSG also approves $750M investment from RedBird Capital Partners. Deal pending MLB approval.https://t.co/N7gibdlNhs
This move was coincidentally foreshadowed by Fenway Sports president Sam Kennedy in a 2019 story written by Brian Windhorst of ESPN.com.
“I see LeBron owning multiple teams someday,” Fenway Sports president Sam Kennedy said at the time. “Not just NBA, but perhaps international soccer and maybe in esports. One thing we’ve learned working with LeBron is that he sees the big picture. He has a track record of making smart decisions and looking for opportunities. He’s also been very successful financially, and that’s what you have to do to become a sports team owner.”
LeBron James quest marches on to be an owner in multiple sports. He currently holds a 2% ownership stake in Liverpool F.C. which he purchased in 2011 for $6.5 million USD. As of last year that stake was worth $43.6 million USD. The club’s total value sits at $2.13 billion USD. Not a bad return on his investment.