The Numbers Behind LeBron James’ Deal To Part-Own Boston Red Sox Revealed

Published 03/22/2021, 1:45 AM EDT
LeBron James attends Harlem’s Fashion Row at Capitale on September 4, 2018 in New York City. (Photo by Santiago Felipe/WireImage)


LeBron James might be one of the best basketball players on the court, but his off the court activities often go unnoticed. Despite being one of the busiest players on the court, LBJ has continued to expand his business portfolio.

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After owning multiple businesses like Blaze Pizza, stakes in Liverpool FC, a multimedia company in Spring field entertainment, L-Train along with business partner Maverick Carter recently made a deal with Fenway Sports Group. This resulted in Bron becoming a part-owner of a popular MLB team, the Boston Red Sox.

What are the numbers behind LeBron’s latest deal?

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FSG which owns the Boston Red Sox, Liverpool FC and Roush Fenway Racing recently made headlines as they sold stakes to RedBird Capital Partners and LeBron James.

The Red Sox and the Roush Fenway Racing are pretty big additions to LeBron business portfolio. According to Axiom, FSG sold around 1% of its stake to LeBron in the latest deal.

NEW ORLEANS, LA – FEBRUARY 15: NBA player LeBron James attends GQ & LeBron James NBA All Star Party Sponsored By Samsung Galaxy And Beats at Ogden Museum’s Patrick F. Taylor Library on February 15, 2014 in New Orleans, Louisiana. (Photo by Michael Loccisano/Getty Images for GQ)

Considering that FSG’s reported value is $7.35 billion, Carter and LBJ would be making the deal in just over $70 million. This is yet again another fabulous business deal by James and Co.

The MLB’s value has sky-rocketed from $523 million to $1.85 billion in the last ten years. Given the exponential increase the league has seen, the deal seems like a no-brainer.

This is not even the first time that King James has made a deal with FSG. Back in 2011, he had taken a big gamble and bought a 2% stake at the Liverpool Football Club investing about $4.7 million. 10 years later the same is worth at least $37 million according to accountancy firm KPMG.

Can LeBron James become the most successful businessman in NBA history?

LeBron James is certainly not the first player in the league to enter the foray of entrepreneurships, but rarely has any active player stayed so active in off the court business activities like Bron.

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He already has a diversified business portfolio from becoming part owner of teams in the English Premier League and now the MLB, to owning a media company to even a pizza joint.

Los Angeles, CA, Tuesday, December 22, 2020 – Los Angeles Lakers forward LeBron James (23) exults after receiving his championship ring during an on court ceremony at Staples Center. (Robert Gauthier/ Los Angeles Times via Getty Images)

Majority of his investments have seen some kind of success. Given that he is still one of the busiest players in the league, it is upon one’s imagination what Bron will do once he is done playing.

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While Michael Jordan might be the most successful entrepreneurs in NBA right now, if ‘King James‘ can maintain his intelligent business dealings, there is no doubt that he can become the most successful player turned businessman the league has ever seen.

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Aditya Mohapatra

729 articles

Aditya Mohapatra is a sports enthusiast who primarily covers the NBA for EssentiallySports. Having graduated in Mass Communication, he has prior experience in writing for ABP News, and has been writing for EssentiallySports since November 2020. This die-hard Los Angeles Lakers fan feels that LeBron James is the best thing to have ever happened to the NBA, and will hold a healthy debate with anyone suggesting otherwise.

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