As it is, Los Angeles Lakers superstar LeBron James is already considered as one of the greatest players to have ever picked up a basketball. He also isn't bad when it comes to his business ventures outside the basketball court.
Cara Lombardo and Laine Higgins of the Wall Street Journal report that Fenway Sports Group (FSG), a multi-billion dollar company with which LeBron is a partner, is now on the verge of purchasing the Pittsburgh Penguins franchise:
Fenway Sports Group LLC, the holding company that owns the Boston Red Sox, is in advanced talks to buy the Pittsburgh Penguins hockey team, according to people familiar with the matter.
A deal could be finalized later this week, assuming the talks don’t fall apart, the people said. Terms being discussed couldn’t be learned.
FSG currently owns the MLB's Boston Red Sox as well as Liverpool Football Club of the English Premier League. It now looks like LeBron James and the rest of his partners are now dipping their toes in the world of hockey in a major way.
According to CNBC, the Lakers superstar owns roughly 2% of FSG. He reportedly invested $6.2 million in the company back in 2011. As of March 2021, FSG has an estimated valuation of $2.6 billion, which means that LeBron's 2% stake is now estimated to have a value of $52 million. Quite the investment, right?
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