Michael Silverman of the Boston Globe reports that NBA superstar LeBron James will become part-owner of the Red Sox.
Jeff Passan of ESPN.com confirms the report. To be clear, James is now a partner in Fenway Sports Group along with Maverick Carter, James’ longtime business partner and friend, making them the first Black partners in the firm’s history. Some of the other subsidies of FSG include Liverpool Football Club (of which James was already an investor), NESN, Fenway Sports Management, and Fenway Racing. Pending MLB approval, FSG is also expected to receive a $750 million investment from RedBird Capital Partners. This should help FSG’s goal of adding other major sports franchises to the fold. As for James, being involved in baseball in any capacity can only be a good thing.