LeBron James’ Ownership Portfolio Sees Another Incredible Addition as FSG Purchases NFL Team

Published 11/30/2021, 8:30 AM EST

King James’ prowess surely extends beyond the court, and into the business world. When it comes to smart investments, LeBron James has minted quite a lot of money through it.

ADVERTISEMENT

Article continues below this ad

Now that the Fenway Sports Group and his partners have made the purchase of Pittsburgh Penguins official, it goes on to show how his ownership portfolio keeps getting longer and longer.

LeBron James has another addition to his ownership portfolio

ADVERTISEMENT

Article continues below this ad

The group has come to a consensus about buying a majority stake in the NFL team, and the purchase will be going down for $900 million. Apart from Liverpool FC, Roush Fenway Keselowski Racing, and the Boston Red Sox, this will be the perfect addition to the companies that Bron has ownership stakes in.

In fact, LeBron had much to say about his position in the Group, along with his business partner. “For me and for my partner Maverick to be the first two Black men to be a part of that ownership group in the history of that franchise — I think it’s pretty damn cool,” he stated, “It gives me and people that look like me hope and inspiration that they can be in a position like that as well.

As of now, the FSG Group is still waiting for approval from the Board of Governors of NHL. However, they are predicted to seal the deal by the end of 2021.

WATCH THIS STORY: Here’s How LeBron James, Ben Simmons, Shaquille O’Neal & Other NBA Stars Spent Their First Paychecks

Any changes that will be made to the Pittsburgh Penguins?

ADVERTISEMENT

Article continues below this ad

It looks like FSG is quite happy with the people running the office of this NHL team at the moment. The owners Mario Lemieux and Ron Burke are expected to continue, along with head coach Mike Sullivan and general manager Ron Hextall.

Apart from the $1 billion that LBJ earns on the court, his work off it contributes a lot to his earnings. Apart from these, he also has a production company called SpringHill Entertainment.  This company is responsible for the production of the ‘Space Jam’ sequel, that Bron starred in himself.

Cast member Lebron James attends the premiere for the film Space Jam: A New Legacy in Los Angeles, California, U.S. July 12, 2021. REUTERS/Mario Anzuoni

From Blaze Pizza, Tonal, Ladder, to Status Pro, these are the several other companies that Bron has invested in. There is no doubt that he will continue to expand on this for years to come.

ADVERTISEMENT

Article continues below this ad

DIVE DEEPER

LeBron James Set to Enter Michael Jordan Territory With Possible NBA Franchise Purchase

10 months ago

SHARE THIS ARTICLE :

ADVERTISEMENT

Yashima Bhatia

1803 articles

Yashima Bhatia is an NBA writer for EssentiallySports who specialises in providing nuanced predictions and updates for matches. She has a Bachelor's degree in journalism and mass communication. Yashima's love for playing the game came up at a young age, when the excitement of the games coupled with the intensity of the Playoffs had her hooked.

ADVERTISEMENT

ADVERTISEMENT

EDITORS' PICK