Los Angeles Lakers superstar LeBron James is now a part-owner of the Red Sox, Michael Silverman of the Boston Globe reports. James agreed to purchase “an undisclosed amount of” shares in the John Henry-led Fenway Sports Group, according to Silverman, who adds that Major League Baseball first has to approve the accord. The deal also includes pieces of the New England Sports Network, the Liverpool Football Club, Fenway Sports Management and Roush Fenway Racing.
The 36-year-old James, one of the NBA’s all-time greatest players, will reportedly surpass the $1 billion mark in career earnings in 2021, putting him in position to make this type of investment. Of course, it’s interesting that James will join a Boston franchise when you consider his history. James had his share of battles with the Boston Celtics when he was a member of the Cleveland Cavaliers and Miami Heat in the NBA’s Eastern Conference, while the Celtics and Lakers have been longtime rivals. Plus, James has been a fan of the Yankees, the Red Sox’s archnemesis.
Should MLB sign off on this deal, James will be the second MVP-level athlete from another sport to join an MLB ownership in the past year. Kansas City Chiefs quarterback Patrick Mahomes became part-owner of the Royals last July.