“I think it’s pretty damn cool”- LeBron James joins Michael Jordan in ring with this motorsport team acquisition

“I think it’s pretty damn cool”- LeBron James tries to reach at par with Michael Jordan in business as he acquires stakes in a NASCAR team.

LeBron James has put in a massive investment to bolster his financial situation, as his latest business power move by garnering a stake in one of the world’s most prominent business entities.

According to a report by ESPN, the 36-year-old NBA star has joined the Fenway Group as a partner. The move has given him an ownership stake in the Boston Red Sox, Liverpool Football Club, Roush Fenway Racing, and NESN.

It is indeed a historic decision for the Basketball player, as he, along with Maverick Carter, are Fenway’s first black business partners. The company is among the most prominent sports group in the world.

“I think 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,” James said.

“It gives me and people that look like me hope and inspiration that they can be in a position like that as well, that it can be done. It gives my kids at my ‘I Promise School’ more and more inspiration as well.”

LeBron James and Michael Jordan to vie in NASCAR

One of the most overlooked aspects of James and Fenway’s deal is the former’s ownership in the group’s NASCAR team- Roush Fenway Racing.

Currently, they field two cars on the circuit- the No. 6 of Ryan Newman and the No. 17 of Chris Buescher, competing in the NASCAR Cup Series.

With this, it puts James in the same realm as Michael Jordan, who co-owns 23XI Racing with driver Denny Hamlin, and Bubba Wallace is presently representing them with a number 23 car.

About the author

Tanish Chachra

Tanish Chachra is the Motorsport editor at The SportsRush. He saw his first race when F1 visited India in 2011, and since then, his romance with the sport has been seasonal until he took up this role in 2020. Reigniting F1's coverage on this site, Tanish has fallen in love with the sport all over again. He loves Kimi Raikkonen and sees a future world champion in Oscar Piastri. Away from us, he loves to snuggle inside his books.

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