As the Boston Red Sox expand their ownership by way of the Fenway Sports Group – remember how A’s exec Billy Beane was/is going to become a part-owner? – there’s a new big sports name getting in on the fun: NBA superstar LeBron James.
James will hold a minority equity piece, as is common for all MLB franchises who are owned by multiple parties, so his direct involvement in the organization might be limited. But there’s no question having his name, face, brand, etc. attached to the Red Sox is going to be a good thing for that organization. Moreover, having more Black owners in baseball is going to be a good thing for the sport.
LeBron James to become part owner of Red Sox, both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history.
FSG also approves $750M investment from RedBird Capital Partners. Deal pending MLB approval.https://t.co/N7gibdlNhs
— Michael Silverman (@MikeSilvermanBB) March 16, 2021
Source confirms @MikeSilvermanBB report: LeBron James is now a partner in Fenway Sports Group, making him a part-owner of the Boston Red Sox.
— Jeff Passan (@JeffPassan) March 16, 2021