LeBron James Announces Plans To Own A New NBA Team

Posted by

LeBron James recently became NBA’s First Active Player Worth $1 Billion. And before this accomplishment, he had expressed:

“I want to maximize my business,” James told GQ in 2014. “And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my god. I’m gonna be excited.”

That is by all accounts closer to yet one more achievement for himself, as the Los Angeles Lakers forward has frequently considered owning a NBA Tema while his playing days are well and over.

LeBron James says, he wants to own a NBA team in Las Vegas.

Obviously, as the newly confirmed billionaire, he has the ‘firearms’ to do so. As per reports, LeBron James is thinking about Las Vegas and Seattle as its next development targets, in spite of the fact that Commissioner Adam Silver has demanded taking over.

“I want a team in Vegas,” James said in the latest episode of his YouTube talk show, Uninterrupted: The Shop,” that will debut Friday. “I want the team in Vegas.”

The NBA hotshot is already a part-owner of Liverpool FC and the Boston Red Sox. That’s in addition to his interest in his SpringHill Entertainment development and production company.

At 37, James will play his 20th NBA season this fall, and would have to end his playing career before being allowed to own a franchise. The Lakers missed the playoffs last season.

The four-time NBA champion and the League’s No. 2 top scorer, made $121.2 million from May 2021 to May 2022 in on-court salary and off-court earnings, as per Forbes.

“I Take My Hat Off To The NBA. They’ve Done A Way Better Job Than The NFL”

The Net worth followed only that of Lionel Messi, who made $130 million, on Forbes’ highly paid athletes list.

James has made more than $385 million in compensation from his 19-year career with the Lakers, Cleveland Cavaliers and Miami Heat.

Most of his wealth is procured from Fenway Sports Group. The group owns Liverpool, Fenway Park, the Boston Red Sox and a big part of Roush Fenway Racing and recently consented to burn through $900 million to buy the Pittsburgh Penguins.

Other source of incomes are generated from real estate, including a $10 million manor for Akron, Ohio, and two homes in the Los Angeles region for which James paid a consolidated $59.75 million.

Food and drink industry is additionally one of his source of revenue, which also includes $30 million for chain Blaze Pizza.

Related Post

Leave A Comment