“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.