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

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.

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

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.

With Fenway Sports Group’s purchase of the Penguins, LeBron James’ portfolio keeps growing pic.twitter.com/l1YuBBiz2c

— The Athletic (@TheAthletic) November 29, 2021

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.”

LeBron James on becoming a part-owner of the Boston Red Sox: “For me and for my partner Maverick [Carter] 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.” pic.twitter.com/QdqfNQLqce

— Liam Martin (@LiamWBZ) March 17, 2021

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.

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Any changes that will be made to the Pittsburgh Penguins?

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.

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

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