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LeBron James Proposes Forming New Atlanta Dream Ownership Group

Kirby Lee-USA TODAY Sports

LeBron James teased a sports team ownership move on Twitter. 

Following Tuesday’s U.S. Senate runoff election, which saw Rev. Raphael Warnock defeat incumbent Kelly Loeffler, James tweeted: “Think I’m gone put together an ownership group for the The Dream. Whose In? #BlackVotesMatter.”

Loeffler, who owns 49% of the WNBA’s Atlanta Dream, saw the team — and other WNBA players — wear “Vote Warnock” T-shirts and lead a voting effort after she came out against the Black Lives Matter and Say Her Name movements. 

The players helped raise $236,000 in donations for Warnock’s campaign within days of wearing the shirts.

Los Angeles Dodgers outfielder Mookie Betts responded to James’ tweet with: “Count me in.” Comedian Kevin Hart said he’s in as well, as did multiple NFL players. Former NBA player Baron Davis previously offered to buy Loeffler’s shares.

James isn’t new to team ownership:

  • He owns a 2% stake in the Liverpool Football Club
  • His business partner Maverick Carter has said James wants to be part of an NBA or NFL ownership group

With NBA valuations surging — many teams are valued at more than $2 billion — the Dream would be a more affordable entry to the American sports ownership world. The average WNBA team is likely worth around $13.7 million.

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