LeBron James officially joins Boston Red Sox, Fenway Sports Group as part owner; FSG is valued at $7.35 billion
Los Angeles Lakers superstar LeBron James officially has joined Fenway Sports Group, making him a part-owner of the Boston Red Sox.
Fenway Sports Group announced an investment into the company by RedBird Capital Partners. It puts Fenway Sports Group’s value at $7.35 billion. The Boston Globe’s Michael Silverman reported that it is a $750 million investment.
Red Sox president Sam Kennedy also became a Fenway Sports Group partner.
“As part of the overall transaction, LeBron James, Maverick Carter and their longtime business partner Paul Wachter will exchange a previously held interest in Liverpool Football Club and become part of FSG’s ownership group along with RedBird.” per the release.
“Working with Fenway Sports Group for the past decade has taught LeBron and me so much about the business on a global scale, and we’ve always believed it would lead to something bigger,” Carter said in the release. “We are proud to be part of this iconic ownership group and are excited about the opportunities that come with that to continue creating change and empowering people of every race, gender and background to be part of the process.”
Red Sox president Sam Kennedy was asked on MassLive.com’s The Fenway Rundown about James and Carter joining as part owners before the deal became official.
“We do have a partnership with LeBron and Maverick through Fenway Sports Management, have become business partners with them and built a friendship and a relationship over the past decade or so,” Kennedy said. “So if something were to come together, I would see them being very active and involved at the Fenway Sports Group level and helping us achieve our ambitions as a sports entertainment, media, real estate business that has global aspirations. We’ve got the Red Sox. We’ve got Liverpool. We’ve got real estate. New England Sports Network. Roush Fenway Racing. So I think you see us potentially expanding into other sports. And Maverick and LeBron are incredible business people. They have built great businesses. Obviously LeBron’s still playing and I think he has a long playing career in front of him.”
News
Explore NBA Star Dion Waiters’ Stunning $16.5M Pinecrest Mansion
When healthy, Dion Waiters has demonstrated in the NBA that he is one of the greatest scorers. However, since winning his first NBA title with the Lakers, the member of the All-Rookie First Team has left the league. Despite this,…
Mavs’ Irving reflects on Celtics tenure: ‘I wasn’t my best self’
While getting ready for his third series against the Celtics after leaving Boston, this one in the NBA Finals, the 13-year veteran superstar thought back with nostalgia on his short tenure with the team and expressed regret over some of…
Bryce James makes his father proud with Sierra Canyon’s victory; LeBron embraces his son in joy
Recently, at the Galen Center of USC, Bryce James, the junior son of NBA superstar LeBron James, captivated the crowd while playing high school basketball. Bryce substituted for Sierra Canyon (Chatsworth, California) in the first quarter of the Chosen1 Invitational…
The Los Angeles Clippers’ James Harden spoke at the Adidas Eurocamp in Ghirada, Treviso, saying, ‘Guys, you have to live in the gym, sooner or later the opportunity will come’
Bаrbа celebrаted her birthdаy yesterdаy, June 2nd, with the Trevisо hооp stаr (аnd оthers). а legendаry NBа plаyer knоwn аs “never seen” is Jаmes Hаrden. Lоcаted in Lа Ghirаdа, this is аdidаs Eurоcаmp. Excuse me, but I dоn’t understаnd whаt…
Andrew Wіggіns Reveаls Truth About Fаiled Wаrriors Seаson..
The Golden State Warriors had a rough year After a second round exit in 2023, the Golden State Warriors missed the playoffs entirely last season. Losing in the play-in tournament to the Sacramento Kings, the Warriors were sent home much…
Are Lakers Shopping Rui Hachimura On Trade Market?
As is υsυally the case wheп it comes to the Los Aпgeles Lakers, there are coпstaпt rυmors aboυt poteпtial moves aпd trades the team coυld make goiпg iпto this offseasoп. Aпd wheп it comes those deals that coυld happeп, oпe…
End of content
No more pages to load