James became a billionaire in 2022, and the 39-year-old revealed plans to own an NBA expansion team in October
LEBRON James could reportedly become a part-owner of the Boston Celtics – a franchise he knows all too well.
The Los Angeles Lakers superstar, 39, is a partner of Fenway Sports Group, which owns the Boston Red Sox, and RedBird Capital.
LeBron James has reportedly been linked to the Boston Celtics future vacant ownership titleCredit: Getty
LeBron is a partner of Fenway Sports Group – a company that is interested in buying the CelticsCredit: Getty
It’s been reported that the two companies that are closely associated with LeBron are considering buying the Celtics, according to the New York Post.
However, the report added that the 39-year-old can’t be a Celtics co-owner as he’s still an NBA player.
James became a partner in FSG in 2021 which gives him part-ownership in the Red Sox and Pittsburgh Penguins.
He has owned a stake in Liverpool, who are owned by Fenway, since 2011.
The Celtics won their 18th title in June, but their owner Wyc Grousbeck announced in the same month he was selling the team.
The NBA franchise is seeking $6 billion in the sale, sources revealed to The Post.
The sale is reportedly expected to be a two-step process, and 49 percent of the team won’t be sold until 2028.
By that time, LeBron should be retired from the NBA.
It was reported Thursday by Sportico that the Celtics hired JP Morgan and BDT & MSD Partners to begin the sales process.
James has made it known he wants to build his own NBA franchise and teased in October about owning one in Las Vegas.
FSG, RedBird Capital, and LeBron are at the start of the process of bringing an NBA team to Las Vegas which would include a new arena, per The Post.
But the consortium would abandon the Vegas idea if they bought the Celtics.
Other than owning the Red Sox, Fenway owns the NESN sports cable network.
Shortly after the Celtics’ title win in June, the team’s owner Wyc Grousbeck announced was selling the franchiseCredit: AP
The 39-year-old LeBron became a billionaire in 2022Credit: Getty
The Celtics air their games on NBC Boston, but broadcasting its games on NESN would give the network a year-round offering for fans.
However, the Celtics are currently in a media contract with NBC Boston that reportedly ends in 2038.
The publication revealed that Celtics minority owner Stephen Pagliuca and the Koch family, who has a minority stake in the Brooklyn Nets, are potential buyers of the NBA franchise.
The same report shared that the Celts “basically makes no money” and the franchise is projected to have $513 million in combined salary and tax penalties after signing stars Jayson Tatum and Derrick White this offseason.
The Celtics don’t own TD Garden Arena which means the new owner would have to fund the team.
LeBron will be playing in his 22nd NBA season in the 2024-25 campaign.
The four-time NBA champion has plenty of playoff experience against the Celtics, with a 25-16 record versus the team.
