LeBron James has become a partner in Fenway Sports Group LeBron James is becoming a part-owner of the Boston Red Sox. Fenway Sports Group has not announced yet that James is a partner, and it is believed there are still some logistical things to finalize before the deal is official. Los Angeles Lakers forward LeBron James has joined the Fenway Sports Group, which owns, among other things, the Boston Red Sox. LeBron James is ecstatic to become a partner with Fenway Sports Group and a part owner of the Red Sox, as the NBA superstar continues to build his impressive resume away from the court. James, 36, and his … LeBron James has become a partner in Fenway Sports Group LeBron James is becoming a part-owner of the Boston Red Sox. FSG, then known as New England Sports Ventures, started with its $700 million purchase of the Red Sox in 2002. LeBron James has become a partner in Fenway Sports Group, making the Los Angeles Lakers star a part-owner of the Boston Red Sox, the Boston Globe reported Tuesday. (REUTERS/Adam Hunger) The 36 … LeBron James has become a minor partner in Fenway Sports Group (FSG), the owners of Liverpool FC. “For me and my partner Maverick to be the first two Black men to be a part of that ownership group, it’s pretty damn cool,” James said. NBA star LeBron James is set to become a part owner of the Boston Red Sox.James, along with his agent Maverick Carter, recently became partners of Fenway Sports Group, according to the Boston Globe. This means a Laker owns part of Boston. FSG will have $600 million-$700 million in debt, with more than $600 million cash going out to existing partners. The group which owns Major League baseball side Boston Red Sox and Premier League side Liverpool FC among other business ventures, has achieved massive success over the years to become one of the most valuable sports empires. FSG’s second significant splash came in 2010, when it snatched up Liverpool for $493 million soon after a global recession had left its previous owners cash-strapped. The Los Angeles Lakers superstar confirmed Tuesday night that he and his longtime business partner, Maverick Carter, are taking an ownership stake in the Fenway Sports Group. (Reuters) - Los Angeles Lakers forward LeBron James says he wants to own an NBA franchise after taking a stake in Boston-based Fenway Sports Group (FSG). LeBron James has become a partner in Fenway Sports Group. LeBron James, Maverick Carter Named 1st Black Partners Of Fenway Sports Group The Los Angeles Lakers star and Carter are now part owners of the Boston Red Sox and the … NBA basketball star LeBron James and business partner Maverick Carter are now part owners of Fenway Sports Group, which is valued at over $6 billion. LeBron James becomes part owner of Boston Red Sox after joining Fenway Sports Group Updated Mar 16, 1:11 PM; Posted Mar 16, 1:11 PM Los Angeles Lakers forward LeBron James … The firm itself is valued at over $6 billion, according to Forbes. Los Angeles Lakers' star LeBron James is joining Fenway Sports Group as a partner. © 2021 CNBC LLC. LeBron James is becoming a part-owner of the Boston Red Sox. James previously held about a … "It's breaking down the barriers," Paul told CNBC on Tuesday. 17-time NBA All-Star LeBron James has become the "first black partner" at Fenway Sports Group (FSG), expanding his stake in Premier League side Liverpool while also becoming part owner of iconic MLB franchise the Boston Red Sox. LeBron James joins forces with Fenway Sports Group, gets stake in Liverpool Posted by Steve Silva, Boston.com Staff April 6, 2011 04:29 PM Comments ( ) His new role gives James … LeBron James and his business partner Maverick Carter will become part owners of the Boston Red Sox, according to USA TODAY Sports. James, currently with the Los Angeles Lakers, has owned a 2 percent share of the Liverpool soccer franchise since 2011. LeBron James has become a partner in Fenway Sports Group, making the Los Angeles Lakers star a part-owner of the Boston Red Sox, the Boston Globe reported Tuesday. Data is a real-time snapshot *Data is delayed at least 15 minutes. Last modified on Tue 16 Mar 2021 20.28 EDT LeBron James has become a partner in Fenway Sports Group, meaning he is now a part-owner of the Boston Red Sox, Liverpool FC and US sports … LeBron James has become a partner in Fenway Sports Group, meaning he is now a part-owner of the Boston Red Sox, Liverpool FC and US sports network NESN The parent company of the Red Sox and Liverpool Football Club approved a $750 million private investment that would make RedBird Capital Partners its third-largest partner, according to a source with knowledge of the deal. Last fall, Cardinale and Billy Beane, the Oakland A’s executive of “Moneyball” fame, launched RedBall Acquisition Corp., a special purpose acquisition company that seeks a company to invest in and take public, that reportedly had its eyes on a $1.5 billion investment in FSG that would have taken FSG public at a valuation worth more than $8 billion. Got a confidential news tip? By becoming a partner in FSG, the Los Angeles Lakers star also will become a part-owner of the Red Sox as well as other FSG subsidiaries, including NESN, Roush Fenway Racing, and Fenway Sports Management. “My goal is to own a team, own an NBA team,” he said after the Lakers beat the Minnesota Timberwolves at the Staples Center on Tuesday night. The Negros had to have their own league to us now owning and representing in that business sector. How LeBron's Red Sox stake paves path for future team ownership (1:43) Brian Windhorst explains how LeBron James joining Fenway Sports Group helps … Also joining James as a new FSG partner is Maverick Carter, James’s longtime business partner and friend. LEBRON JAMES has upped his stake in Liverpool after becoming a partner in their American ownership group Fenway. Still of the belief that they shared similar visions of growth opportunities in the sports industry, FSG and Cardinale, who also sits on the boards of both the Yankees’ parent company and their YES network, switched to a private tack that led to the current investment. By Associated Press , Wire Service Content March 17, 2021 By Associated Press , Wire Service Content March 17, 2021, at 2:20 a.m. He's extremely serious about sports ownership.". ‘Pretty damn cool’: LeBron James comments on joining Fenway Sports Group, How LeBron James and Anthony Davis led the Lakers to the NBA championship, Red Sox and partners unveil plans for development around Fenway Park. NBA star LeBron James, who already had a stake in the Fenway Sports Group’s Liverpool soccer club, has become part-owner of the company’s marquee asset: … Per Silverman, James was recently introduced as one of Fenway Sports Group’s newest partners and “now owns an undisclosed amount of FSG shares after previously holding an approximately 2 percent share of the Liverpool soccer franchise since 2011.” According to the source, FSG views the RedBird investment as a first step in its pursuit of new acquisitions and partnerships. This week, the NBA superstar became a partner with Fenway Sports Group… KPMG recently valued Liverpool at $2.6 billion, which would mean James’s reported initial 2 percent investment of $6.5 million has grown to some $52 million. The RedBall-FSG public-company gambit did not work out after FSG decided to remain a private company when the SPAC met price resistance from public investors. Basketball star LeBron James is joining forces with Fenway Sports Group in a deal that will give Mr. James a minority interest in the soccer club Liverpool. LeBron James has reportedly become a Fenway Sports Group partner along with Maverick Carter and RedBird Capital Partners. It's a testament to us continuing to evolve and not being complacent. That’s according to … Los Angeles Lakers star LeBron James is set to become a part-owner of the Boston Red Sox, according to The Boston Globe’s Michael Silverman.. LeBron James has joined Fenway Sports Group as a partner, the Boston Globe reported, with the NBA star increasing his stake in Liverpool as a result. In the past year, FSG received an undisclosed investment from one of its newer partners, the Dallas-based Arctos Sports Partners. LeBron James becomes part owner of Boston Red Sox after joining Fenway Sports Group Updated Mar 16, 1:11 PM; Posted Mar 16, 1:11 PM Los Angeles Lakers forward LeBron James … We want to hear from you. LeBron James has never been exactly popular with Celtics fans, but now he’ll be a part-owner of the Red Sox. Los Angeles Lakers' star LeBron James is joining Fenway Sports Group as a partner. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Fenway Sports Group adds LeBron James as partner, approves deal to jump-start plan to acquire more teams. Carter and James become the first Black partners in FSG’s history. The … 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. 17-time NBA All-Star LeBron James has become the "first black partner" at Fenway Sports Group (FSG), expanding his stake in Premier League side Liverpool while also becoming part owner of iconic MLB franchise the Boston Red Sox. James, 36, and his … In addition to the Red Sox and Liverpool, Fenway Sports Group also owns Boston regional sports cable network NESN, as well as Nascar's Roush Fenway Racing and Fenway Sports Management. LeBron James to become part-owner of Boston Red Sox, parent company Fenway Sports Group (report) Updated Mar 16, 2021; Posted Mar 16, 2021 Los Angeles Lakers star LeBron James. Werner’s FSG stake remains second-largest, while Gordon’s shares will drop to fourth. By: Alyssa Wilson. Using metrics from global accounting firm KPMG, the Globe noted that Liverpool is valued at $2.6 billion, and James' 2% stake, originally worth $6.2 million in 2011, is now worth $52 million. ... Fenway Sports Group’s growth ambitions received a double dose of … The Boston Globe first reported the news Tuesday. Michael Silverman can be reached at michael.silverman@globe.com. Here's a look at who owns Fenway Sports Group, the LeBron James Red Sox ownership and his stake in the FSG. All Rights Reserved. Pending an approval from Major League Baseball, LeBron James will become part owner of the Boston Red Sox. BOSTON — LeBron James has become a partner in the Fenway Sports Group, which makes him a part-owner of the Boston Red Sox, according to ESPN.. LeBron James is ecstatic to become a partner with Fenway Sports Group and a part owner of the Red Sox, as the NBA superstar continues to build his impressive resume away from the court. LeBron James has become a minor partner in Fenway Sports Group (FSG), the owners of Liverpool FC. LeBron James, Maverick Carter Named 1st Black Partners Of Fenway Sports Group The Los Angeles Lakers star and Carter are now part owners of the Boston Red Sox and the Liverpool soccer team. A Division of NBCUniversal. The Boston Globe first reported the news Tuesday. James and friend Maverick Carter are now the first Black partners in the history of Fenway Sports Group, which also owns Liverpool FC. How LeBron's Red Sox stake paves path for future team ownership (1:43) Brian Windhorst explains how LeBron James joining Fenway Sports Group helps … Fenway Sports Group adds LeBron James as partner, approves deal to jump-start plan to acquire more teams. Forbes last valued the Red Sox at $3.3 billion. Los Angeles Lakers basketball star LeBron James is officially becoming a Boston Red Sox part-owner joining Fenway Sports Group (FSG) as a partner. The Los Angeles Lakers … LeBron James of the Los Angeles Lakers passes the ball under the hoop against Al Horford #42 of the Philadelphia 76ers during the second half at Staples Center on March 03, 2020 in Los Angeles, California. 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