NBA and L.A Lakers superstar Lebron James has become a part-owner of Fenway Sports Group [FSG], the parent company of Major League Baseball team the Boston Red Sox which according to Forbes is valued over $3 billion as well as Liverpool Football Club of the English Premier League and the Roush Fenway Racing NASCAR team.
James’ agent Rich Paul confirmed the ownership stake to CNBC. James and Carter became minority owners of international soccer Liverpool of the English Premier League in 2011, one year after joining the Miami Heat after departing the Cleveland Cavaliers. FSG purchased Liverpool in 2010 for more than $400 million.
“My goal is to own an NBA franchise. It’ll be sooner than later,” James said. “I have so much to give to the game. I know what it takes to win at this level. I know talent. I also know how to run a business as well.” Paul said James wouldn’t likely sell any of his ventures soon, reiterating that he wanted to start his sports team ownership in the NBA. “I don’t see him selling. He doesn’t need the money,” Paul said. “I can’t wait for him to be on the other side as an owner.”
