The Boston Globe first reported Tuesday that James and Maverick Carter — his longtime friend and business partner — are now partners at Fenway Sports Group (FSG).
James and Carter own an undisclosed amount of ownership shares of FSG, according to the Globe. The four-time NBA MVP also will become a partial owner of other FSG subsidiaries, including NASCAR team Roush Fenway Racing, sports cable network NESN and Fenway Sports Management.
James and Carter are the first Black partners in FSG history, according to the Globe.
The newspaper also reported Tuesday that FSG approved a $750 million private investment from RedBird Capital Partners, which would make the New York-based firm the organization’s third-largest partner at an 11% ownership stake.
The RedBird Capital investment is contingent on Major League Baseball’s approval, according to the Globe.
James, 36, previously held a 2% ownership stake in British soccer club Liverpool, the defending EPL champion, which also falls under FSG ownership.
James has long claimed to be a fan of Boston’s historic rival, the New York Yankees, and also publicly rooted for the Los Angeles Dodgers in last year’s World Series. The Dodgers lost to the Red Sox in the 2018 Series and also acquired superstar outfielder Mookie Betts from Boston in a blockbuster trade last year.