Lebron Joins Fenway Sports Group as Partner / Set to be part owner of Red Sox

[Donoghus]

Pretty wild stuff.

Michael Silverman
@MikeSilvermanBB
 · 31m
LeBron James to become part owner of Red Sox, both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history.
FSG also approves $750M investment from RedBird Capital Partners. Deal pending MLB approval.

https://www.bostonglobe.com/2021/03/16/sports/fenway-sports-group-adds-lebron-james-partner-approves-deal-jump-start-plan-acquire-more-teams/

[Ed Monix]

Pretty wild stuff.

Michael Silverman
@MikeSilvermanBB
 · 31m
LeBron James to become part owner of Red Sox, both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history.
FSG also approves $750M investment from RedBird Capital Partners. Deal pending MLB approval.

https://www.bostonglobe.com/2021/03/16/sports/fenway-sports-group-adds-lebron-james-partner-approves-deal-jump-start-plan-acquire-more-teams/

It’s crazy considering he’s a Yankees fan and his history vs Boston but it’s not really wild considering he has been part of the FSG group for years now as minority owner of Liverpool FC, he has made a fortune in that investment thus not surprising he would jump at adding to it.

[Roy H.]

The only thing that could have made the current John Henry group last likable…

[Tr1boy]

Pretty wild stuff.

Michael Silverman
@MikeSilvermanBB
 · 31m
LeBron James to become part owner of Red Sox, both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history.
FSG also approves $750M investment from RedBird Capital Partners. Deal pending MLB approval.

https://www.bostonglobe.com/2021/03/16/sports/fenway-sports-group-adds-lebron-james-partner-approves-deal-jump-start-plan-acquire-more-teams/

It’s crazy considering he’s a Yankees fan and his history vs Boston but it’s not really wild considering he has been part of the FSG group for years now as minority owner of Liverpool FC, he has made a fortune in that investment thus not surprising he would jump at adding to it.

He better not wear the Yankees hat now.... like Kemba does at the press conference *facepalm*

[gift]

I didn't realize baseball was still a good investment.

[Tr1boy]

I didn't realize baseball was still a good investment.

Its not. Its failing

This is why JH and group is desparate for new life

[Roy H.]

I didn't realize baseball was still a good investment.

Its not. Its failing

This is why JH and group is desparate for new life

Failing? Based upon what?

The franchise valuation has gone from $1 billion in 2012 to $3.3 billion in 2020.  I am not an expert, but I would assume that businesses that increase in value by at least $100 million each and every year are fairly healthy.

[footey]

I didn't realize baseball was still a good investment.

Its not. Its failing

This is why JH and group is desparate for new life

Failing? Based upon what?

The franchise valuation has gone from $1 billion in 2012 to $3.3 billion in 2020.  I am not an expert, but I would assume that businesses that increase in value by at least $100 million each and every year are fairly healthy.

Who says it's worth 3.3 billion? Forbes magazine? Did someone offer to pay that for the franchise? You and I know those figures are kind of bogus. 

[Roy H.]

I didn't realize baseball was still a good investment.

Its not. Its failing

This is why JH and group is desparate for new life

Failing? Based upon what?

The franchise valuation has gone from $1 billion in 2012 to $3.3 billion in 2020.  I am not an expert, but I would assume that businesses that increase in value by at least $100 million each and every year are fairly healthy.

Who says it's worth 3.3 billion? Forbes magazine? Did someone offer to pay that for the franchise? You and I know those figures are kind of bogus.

The Mets sold last year for $2.42 billion.  Their Forbes' valuation prior to the sale?  $2.4 billion.

I don't really know that the figures are bogus at all. 

[Goldstar88]

Vomit emoji

[footey]

I didn't realize baseball was still a good investment.

Its not. Its failing

This is why JH and group is desparate for new life

Failing? Based upon what?

The franchise valuation has gone from $1 billion in 2012 to $3.3 billion in 2020.  I am not an expert, but I would assume that businesses that increase in value by at least $100 million each and every year are fairly healthy.

Who says it's worth 3.3 billion? Forbes magazine? Did someone offer to pay that for the franchise? You and I know those figures are kind of bogus.

The Mets sold last year for $2.42 billion.  Their Forbes' valuation prior to the sale?  $2.4 billion.

I don't really know that the figures are bogus at all.

[rocknrollforyoursoul]

Disgusting.

This means that if the Sox succeed, LeBron succeeds. YUCK.

[Moranis]

Lebron already owned 2% of Liverpool as he joined with FSG on just that purchase in 2010.  The total purchase prices was 493 million and James kicked in 6.5 million.  The group turned down a bid to buy Liverpool in 2018 for 2.6 billion (it is probably worth more now).  So he is increasing his investment in FSG and joining all of their investments instead of just Liverpool.  Seems like a pretty logical move for a guy that has made it clear he wants to own a NBA team when he retires.  This way he gets sports ownership experience, even if just as a minority partner, while also increasing his own financial portfolio and contact list.

[Ed Monix]

Lebron already owned 2% of Liverpool as he joined with FSG on just that purchase in 2010.  The total purchase prices was 493 million and James kicked in 6.5 million.  The group turned down a bid to buy Liverpool in 2018 for 2.6 billion (it is probably worth more now).  So he is increasing his investment in FSG and joining all of their investments instead of just Liverpool.  Seems like a pretty logical move for a guy that has made it clear he wants to own a NBA team when he retires.  This way he gets sports ownership experience, even if just as a minority partner, while also increasing his own financial portfolio and contact list.

Yes exactly but it’s Henry and Co that gets the most out of the deal. There is a reason for allowing LeBron to be part of ownership...visibility. LeBron is a squeaky clean superstar with global reach and is perhaps the most recognisable current athlete on the planet. LeBron’s connections were also instrumental in Liverpool signing a massive deal with Nike which I’m sure wouldn’t had been so easy without LeBron’s market reach promoting the brand (he wore their new Nike jersey pregame in the playoffs bubble).

Henry and FSG are business geniuses.