#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.
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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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