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How much of the Boston Red Sox does LeBron James own?
Although there were rumors that LeBron James doesn’t own the Boston Red Sox, it has now been verified that James will have a stake in the team. According to the Boston Globe, the NBA legend joined Fenway Sports Group this week as a partner. James and Maverick Carter become the first Black partners in the history of FSG, and the transaction also enhances James’ ownership position in Liverpool, a Premier League soccer team.
Being as involved in the owning class as LeBron James is is a big thing for an active professional player. James had a two percent stake in the soccer team, which he had bought in 2011. The fact that he now owns “an unknown quantity of FSG shares,” as per Michael Silverman of the Boston Globe — who broke the news — means that James’ stake in the club now rises.
Due to RedBird Capital Partners’ $750 million private investment into the ownership group, this will logically grow in value.
The fact that LeBron James is now a part-owner of the Boston Red Sox in addition to other FSG entities” is maybe the funniest or most ironic result of the entire transaction. These companies consist of NESN, Roush Fenway Racing, and Fenway Sports Management. The paradox, however, is that James is despised by the typical Boston sports fan due to his behavior on the court against the Celtics.
Surprisingly, James has publicly supported the Yankees, the main adversary of the Red Sox. At the ownership level, it’s unclear how active James and Carter will be. The Red Sox, on the other hand, have participated in a league-wide practice where rosters are wiped down in an effort to reduce spending.
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