A report by Variety.com suggests that after signing with the Lakers this summer, LeBron James is eyeing the idea of ownership in the NBA or NFL.
James' business partner, Maverick Carter told Variety’s Audrey Cleo that James (already a very successful business person), is looking to own a U.S. professional sports franchise, likely either in basketball or football. Carter said, “He does like football and he’s looked at football ownership." He also added the optics of James, "owning a basketball team and running it,” exist.
LeBron James Will Be an NBA Owner, Possibly NFL, Too, Says Business Partner https://t.co/ibkXdkbOhH— Variety (@Variety) July 18, 2018
For LeBron, getting into avenues of business that are not strictly basketball related is nothing new. He owns a 2% stake in England’s Liverpool soccer club, just got the green light on a comedy film with Paramount and has business connections to companies like Beats by Dre and Blaze Pizza.
Carter, James's business partner, has worked with LeBron on a number of projects including the launch of their Uninterrupted company — a media production platform for athletes to be able to tell stories outside of just their lives as professional athletes.
Carter said the company also has “tons” of projects coming down the pipeline from traditional television shows and movies to online-only content.
James was the talk of free agency this summer when he chose to leave the Cleveland Cavaliers and join the Los Angeles Lakers. Speculation was LA was the right fit for LeBron considering his outside interests, where he wanted to raise his family and business connections that were much easier to make working in a city known for being all about athletes finding other avenues to expand their portfolios.
James has had a history of looking at his career beyond just the basketball court and if he pursues ownership, will follow in the footsteps of some of the greats in the game. Both Magic Johnson and Michael Jordan have done incredibly well and have respective net worths of over $500 million and $1.65 billion.