Results 1 to 4 of 4

Thread: LeBron James is buying minor stake in Boston Red Sox

  1. #1
    Platinum garrett's Avatar
    Reputation
    29
    Join Date
    Mar 2013
    Location
    east coast
    Posts
    4,259
    Load Metric
    65725280

    LeBron James is buying minor stake in Boston Red Sox

    This one surprised me

    https://www.nytimes.com/2021/03/16/s...s-red-sox.html

    Don't know the actual financial details of it although I would have just default thought being such a proud Akron Ohioan kid. That he would be investing in something Ohio based. Boston lol weird imo. But this is a very sharp financial move here in that he is probably getting them cheaply here maybe too. This is more then likely a totally financial play while also becoming a major Sports franchise owner, LeBron James is starting to Ball out of control lol, but as we should expect honestly. As we should expect imo he is a once in a generation, actual Talent imo. Boston is weird for him imo, but then I factor in being able to buy the Red Sox right now and probably prettty undervalued maybe too.

    He is 100% buying low here and knows some years down the road that stake in the Red Sox will actually be worth another fortune imo, Ballin outta Control again, well played LeBron well played haha. It totally makes sense from a Financial Perspective. In that you are buying a stake in one of the most renowned MLB franchise's in the World, and probably at a Bottom here because the Red Sox are a mess atm, and trading all their even marginal talent away.

  2. #2
    Gold MrTickle's Avatar
    Reputation
    429
    Join Date
    Feb 2015
    Location
    Moscow
    Posts
    1,721
    Load Metric
    65725280
    He's already had a piece for some time. Let's be honest, he's buying Liverpool Football Club, not the Boston Red Sox.

     
    Comments
      
      garrett: lol I didnt know that either, so lol he is kinda starting to Ball outta Control lol...

  3. #3
    Silver
    Reputation
    136
    Join Date
    May 2013
    Posts
    863
    Load Metric
    65725280
    He doens't pay for shit the idiots that own that team just give him pieces.

    LOL

  4. #4
    Gold Shizzmoney's Avatar
    Reputation
    457
    Join Date
    Mar 2012
    Posts
    2,451
    Blog Entries
    1
    Load Metric
    65725280
    Quote Originally Posted by MrTickle View Post
    He's already had a piece for some time. Let's be honest, he's buying Liverpool Football Club, not the Boston Red Sox.
    Yeah, he bought shares into Fenway Sports Group (the investment conglomerate John Henry leads), so not just the Boston Red Sox. Some holdings include: NASCAR team, LFC, NESN (which is the cable network the Red Sox play on), and their sports management company (probably what LeBron and his agent, Maverick Carter, want the most as they want to expand their athlete representation portfolio once LeBron is done).

    James, one of the most recognizable, influential, and richest athletes on the global stage, now owns an undisclosed amount of FSG shares after previously holding an approximately 2 percent share of the Liverpool soccer franchise since 2011. By becoming a partner in FSG, the Los Angeles Lakers star also will become a part-owner of the Red Sox as well as other FSG subsidiaries, including NESN, Roush Fenway Racing, and Fenway Sports Management.
    https://www.bostonglobe.com/2021/03/...re-more-teams/
    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. lebron james apologizes
    By FRANKRIZZO in forum Flying Stupidity
    Replies: 3
    Last Post: 12-24-2018, 05:01 PM
  2. Red Sox > Tigers
    By chinamaniac in forum Flying Stupidity
    Replies: 860
    Last Post: 08-05-2015, 01:37 PM
  3. Lebron James Back to Cleveland
    By badguy23 in forum Flying Stupidity
    Replies: 37
    Last Post: 07-13-2014, 12:32 AM
  4. Red Sox > Everyone Else
    By chinamaniac in forum Flying Stupidity
    Replies: 9
    Last Post: 03-31-2014, 10:16 AM
  5. BOSTON RED SOX thread
    By SixToedPete in forum Flying Stupidity
    Replies: 76
    Last Post: 05-22-2012, 05:26 AM