Multi-millionaire, LeBron James owns shares in sports organizations around the world. However, he could quickly invest in the NBA …
A few days ago it was announced as potential buyout of a legendary NHL franchise. This could only be another step towards his status as an NBA owner. Through the conglomerate Fenway Sports Group, in which he appears as one of the most influential members, LeBron James is diversifying his caps. Already a shareholder of Liverpool FC and Boston Red Sox, the King would be on the verge of entering the capital of the Pittsburgh Penguins, as the team has just officially announced!
The Pittsburgh Penguins and Fenway Sports Group (FSG), a company involved in sports, marketing, media, entertainment and real estate, today announced that FSG has reached an agreement to acquire control of the team Pittsburgh Penguins Hockey League. The deal, which remains subject to the approval of the Board of Governors of the National Hockey League (NHL), is expected to be finalized before the end of the year.
Like Jordan, LeBron at the head of an NBA franchise?
A big sports fan, LBJ will soon be able to consider himself a full member of the Premier League, MLB, NHL, and of course the NBA. However, his activity in the American basketball league could take a new turn soon. In any case, this is what Dan Primack suggests in the columns ofAxios !
Axios has just learned that Fenway Sports Group wants to buy an NBA team once it completes the acquisition of the NHL team from the Pittsburgh Penguins. Why it matters: FSG is positioned as a pioneer in sports team ownership, having purchased several world-renowned franchises in different geographic markets.
Often described as the first player-general manager in history by his detractors, LeBron James could therefore soon inherit the NBA owner label. Unlike a Michael Jordan, who himself bought the Hornets with his own checkbook once retired, the Chosen One would go through a firm that far exceeds him, which would not therefore make him the only leader of the said team.
It remains to be seen on which organization the Fenway Sports Group could position itself. The current owners of the league have for many no intention of giving up their place, which leaves little room for maneuver. Likewise, the price of this buyout should reach a sum never seen in history, given the exponential rise in the values of various NBA franchises in recent years!
Although indirectly, LeBron James is therefore reportedly looking to get his hands on a league franchise in the near future. Nothing really frightens the King when it comes to business!
