Sports

LeBron James turns back on Yankees to own part of Red Sox

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Noted Yankees fan LeBron James now owns a piece of the Red Sox.

The Lakers star has become a partner with Fenway Sports Group — the Red Sox’s parent company — and owns an undisclosed amount of shares, the Boston Globe reported Tuesday.

James previously held a minority stake in Liverpool, which is owned by Fenway Sports Group, since 2011. The four-time NBA champ is also represented by Fenway Sports Management, a sports marketing firm that is a subsidiary of Fenway Sports Group.

James’ longtime friend and business manager, Maverick Carter, is also a new partner of Fenway Sports Group, the Globe reported. Fenway Sports Group owns the Red Sox, Liverpool, Roush Fenway Racing and NESN, among other properties.

LeBron James cheering the Yankees on during the 2007 MLB playoffs in Cleveland.
LeBron James cheering the Yankees on during the 2007 MLB playoffs in Cleveland.
©2007 Kevin P. Coughlin

The news came as Fenway Sports Group approved a $750 million private investment that — contingent on MLB’s approval — would make RedBird Capital Partners its third-largest partner, according to the report.

James, a native of Akron, Ohio, has long made it known he is a Yankees fan, which created some controversy when his hometown Indians faced the Yankees in the postseason. He also joined the Dodgers bandwagon last October on their way to the World Series.

“I’m a supporter of winners,” James said in 2016. “As a kid growing up, I needed inspiration to get out of the situation I was in. I loved the Bulls, Cowboys and loved the Yankees. Those are winning franchises. I liked them because they gave me hope of being a winner.”

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Janice Hill

Janice is a Co-Founder of NetDebaito Official & a family member of Brit Media 360. Our News HUB aiming to bring relevant and unaltered news to the general public with a specific viewpoint for each story catered. Every project is a proficient journalisms' who holds a reputable portfolio with proficiency in content analysis and research.

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