Thursday December 7, 2023

Lebron Wants to Own an NBA Team, Too

Kim Klement-USA TODAY Sports/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

LeBron James had a wildly successful week. The 36-year-old became the oldest player in NBA history to record back-to-back triple-doubles, he launched a new partnership with PepsiCo, and it was revealed he’ll be part-owner of the Boston Red Sox.

Yet King James the businessman wants more. In a postgame interview on Tuesday, he said his next career move could be owning an NBA team.

Michael Jordan is the sole former player to become a majority owner of an NBA team. He bought the Charlotte Hornets for $180 million in 2010 and owned 97% of the team until he sold a 20% stake in 2019.

LeBron has owned a small percentage of Liverpool FC since 2011, the Red Sox deal just needs to be finalized, and NBA team ownership would add him to a short list beyond Jordan.

  • Magic Johnson owned 10% of the Los Angeles Lakers at one time. He currently owns a 2.3% stake in the Los Angeles Dodgers, and is a co-owner of LAFC.
  • Shaquille O’Neal bought somewhere between a 2% and 4% stake in the Sacramento Kings in 2013.
  • Grant Hill was part of a group that purchased the Atlanta Hawks for $850 million.
  • Last month, Renee Montgomery became the first former WNBA player with an ownership stake in a WNBA team, the Atlanta Dream.

“I know what it takes to win at this level, I know talent, and I also know how to run a business as well,” James said. “My goal is to own a NBA franchise, and it’ll be sooner than later.”

Copy Link
Link Copied
Link Copied

What to Read

NBA in Vegas? LeBron and RedBird Are All In

RedBird Capital Partners, Fenway Sports Group working with NBA superstar.
NLL Seals Las Vegas

Meaningful NBA Games Finally Hit Las Vegas. Expect More

End of NBA In-Season Tournament is latest major event to hit sports boomtown.
Peyton Manning on the ManningCast

ESPN’s ManningCast Goes Double: Two MNF Games, Two Brothers, One Epic Show

Peyton and Eli Manning will call two “Monday Night Football” games at the same time on Dec. 11 as ManningCast expands across ESPN.

PGA Tour-PIF Negotiations Will Reportedly Miss Dec. 31 Deadline

Unresolved monetary issues help prompt sluggish pace to negotiations.
podcast thumbnail mobile
Front Office Sports Today

Why the NBA May Have Made Billions With Midseason Tournament


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple Locations
Multiple Locations
Creative Artists Agency
Multiple Locations
Jon Rahm tees off on the 15th hole during the first round of the PGA Championship in Rochester, New York.

Report: Jon Rahm Set to Join LIV Golf

Rahm could get the richest LIV Golf contract yet.
December 2, 2023

Ohtani's Future Deal Takes Center Stage As Winter Meetings Kick Off

The two-way phenom is expected to sign the largest-ever player contract in U.S. team sports.
December 4, 2023

Are Tiger Woods and Nike Splitting Up? The Move Would Change Golf

A new report suggests a move could be brewing.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Shaquille O'Neal
December 1, 2023

A.I. Shaq? Authentic Files Trademarks Hinting at Virtual Shaquille O’Neal

Shaquille O’Neal and licensing group claim “ASK SHAQ” and “SHAQ A.I.”
November 30, 2023

Tracking Devices and Bags of Cash: A Soccer Scandal in Turkey

Former Atletico Madrid player Arda Turan is involved in the scandal.
November 30, 2023

Ronaldo Sued For $1B In Latest Fallout From Athlete Crypto Deals

Soccer superstar latest to be hit in legal fallout from crypto decline.
Red Bull Racing driver Max Verstappen of The Netherlands celebrates his victory of the Las Vegas Grand Prix at Las Vegas Strip Circuit.
November 30, 2023

The 10 Highest-Paid Formula 1 Drivers For 2023

Red Bull Racing’s Max Verstappen tops the list with $70 million.