LeBron James is now a part-owner of the Boston Red Sox.
According to a report from Michael Silverman at the Boston Globe, James became a partner with Fenway Sports Group, the parent company of the Red Sox and Liverpool Football Club, owning "an undisclosed amount of FSG shares." According to Silverman, James' longtime business partner Maverick Carter will be joining him as an FSG partner, with the duo becoming the first two Black partners in the group's history.
While a Los Angeles athlete teaming up with Boston might have been a faux pas in previous generations, James has already proven himself a savvy investor when it comes to sports franchises.
In 2011, James purchased a 2% stake in Liverpool for roughly $6.5 million. Since then, Liverpool went on a wild tear of success under manager Jurgen Klopp, and the value of James' initial investment has grown significantly.
James celebrated the news with a few posts to his Instagram story.
—tryler (@tylerlauletta) March 16, 2021
In addition to his investments in sports franchises, James has also put money into Blaze Pizza and several other companies, along with Carter.
James isn't the only superstar athlete to get into the baseball business. Last year, Chiefs quarterback Patrick Mahomes purchased a stake in the Kansas City Royals to support his home team.
Maybe the two will run into each other at the owners meeting.
