Lebron James Becomes Part Owner of the Boston Red Sox

Lebron James Becomes Part Owner of the Boston Red Sox

Lebron James Becomes Part Owner of the Boston Red Sox

Basketball legend takes a swing at baseball.

Basketball legend takes a swing at baseball.

Text: Sam Tracy

Big news broke in Boston this week: Lebron James is joining the Boston Red Sox as part owner. Just announced this week, the basketball legend is partnering with Fenway Sports Group to expand his sports team ownership portfolio. This move is expected to receive the required approval by Major League Baseball.

Fans on Twitter have pointed out that this is quite an ironic decision since he has publicly cheered for The New York Yankees, one of Boston’s greatest rivals.

James is already part-owner of the Premier League’s Liverpool football club. Upon approval, the new deal will greatly expand James’ two percent ownership (currently estimated to be over $43 million) thanks to his owning of “an undisclosed amount of FSG shares”, according to the Boston Globe. James and his business partner, Maverick Carter, will become the first two black men to partner with FSG.

In a press conference following the Los Angeles Lakers' win over the Minnesota Timberwolves on Tuesday, James confirmed the news. “I think it's pretty damn cool. It gives me and people that look like me, hope and inspiration that they can be in a position like that as well. That it can be done. It gives my kids and my 'I Promise' school more and more inspiration as well.”

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