LeBron James does not directly own a percentage of Fenway Park itself; rather, his ownership is indirect, stemming from his significant stake in Fenway Sports Group (FSG).
LeBron James's Stake in Fenway Sports Group
LeBron James is a partner in Fenway Sports Group (FSG), a prominent global sports, marketing, and entertainment company. His investment in FSG provides him with an ownership interest in all the assets under the FSG umbrella.
Specifically, his stake in FSG was accreted into one per cent of FSG's overall operations. This means his investment provides him with a 1% ownership share in the entirety of FSG's vast portfolio.
Fenway Park, the iconic home of the Boston Red Sox, is one of the key assets owned by Fenway Sports Group. Therefore, while LeBron James does not possess a direct deed or percentage of Fenway Park itself, his 1% ownership in FSG translates to an indirect stake in all properties held by the group, including the historic ballpark.
Fenway Sports Group's Portfolio
FSG is renowned for its diverse portfolio of major sports teams and venues. LeBron James's investment gives him a financial interest in these highly valuable assets.
Asset Owned by FSG | Description |
---|---|
Boston Red Sox | Major League Baseball team |
Fenway Park | Home stadium of the Boston Red Sox |
Liverpool FC | Premier League football club based in England |
Pittsburgh Penguins | National Hockey League team |
NESN | New England Sports Network, a regional sports cable network |
Fenway Sports Management | A global sports marketing and management company |
Through his strategic investment, James has diversified his business interests beyond his basketball career, becoming a significant figure in the sports ownership landscape. This move not only expands his personal wealth but also solidifies his influence in various major sports leagues worldwide.