Fenway Sports Group Targeting Purchase of Pittsburgh Penguins, Investors Feature LeBron James

Already, part-owner of the Boston Redsox, LeBron James is setting his sights on the National Hockey League. Reports state Bron and the rest of the investors of Fenway Sports Group have targeted the purchase of the Pittsburgh Penguins.

Axios notes the FSG also wants in on the NBA but may have to wait for King James to finish up his reign on the hardwood.

Additional groups that James now has part ownership of include Liverpool Football Club, Roush Fenway Racing, and NESN sports network. Previously James already owned 2% of Liverpool.

Joining James in ownership is his business partner Maverick Carter and the two are now the first Black partners in the group.

Fenway Sports Group is the largest sports ownership in the world. With the addition of King James, the group received a $750 million investment from RedBird Capital Partners.

LeBron James now owns an undisclosed amount of Fenway Sports Group's shares.

The Los Angeles Lakers star also will become a part-owner of the @RedSox as well as other FSG subsidiaries, including NESN, Roush Fenway Racing, and Fenway Sports Management. https://t.co/7wc5KzKf12

— The Boston Globe (@BostonGlobe) March 16, 2021

The post Fenway Sports Group Targeting Purchase of Pittsburgh Penguins, Investors Feature LeBron James appeared first on The Source.

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