Multiple outlets are reporting that Lebron James has become a new partner in Fenway Sports Group. With it, makes James a part owner in the Boston Red Sox, Liverpool FC, NESN (New England Sports Network), and Roush Fenway Racing.
It is still unsure how many shares the NBA superstore acquired in this deal, but this makes him among the first black partners in FSG history; alongside Maverick Carter. Carter is a long-time friend and business partner of James, and the two look to expand their business-reach with this deal.
It is yet to be seen if this new partnership will affect the bankroll of RFR, as the focus of the Fenway Sports Group is on its mantle-piece team, the Boston Red Sox. The group is also looking to expand its reach in other sports such as the NFL and NBA, so we will have to keep an eye on how this could affect NASCAR.
Besides James and Carter’s partnership, it is also being reported that FSG has approved a $750 million private investment from RedBird Capital Partners, making them the third-largest investor at an 11% ownership stake.
Lebron is not the first NBA player to have an ownership stake in a NASCAR team. The other NBA-G.O.A.T. Michael Jordan has partnered with Denny Hamlin in the offseason to form the 23XI Racing team, although it appears that Jordan will be more hands-on with his team.