LeBron James Joins Fenway Sports Group As Partner

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LeBron James joined Fenway Sports Group as a partner, giving him an ownership stake in its subsidiaries that includes the Boston Red Sox, Liverpool FC, and NESN.

James previously had a 2% ownership stake in Liverpool.

The Red Sox are currently valued at $3 billion.

FSG also received a $750 million investment from RedBird Capital Partners.

James has spoken about his desire to own an NBA team after he retires.