LeBron James' ever-growing investment portfolio added a new professional sports team this week.
James, along with fellow NBA stars Draymond Green and Kevin Love, joined LRMR Ventures in buying a Major League Pickleball team, the. Other members of the ownership group include Maverick Carter, the investment firm SC Holdings, Relevent Sports Group co-owner and CEO Daniel Sillman and SpringHill Company CMO Paul Rivera.
The team has not been announced and the terms of the deal have not been disclosed, but the MLP recently expanded from 12 teams to 16. Pickleball has become one of the fastest-growing sports in the United States. Almost 5 million people player the sport in 2022 – 57 years after its invention in 1965 in Seattle, Washington – according to aFor the uninitiated, pickleball effectively combines tennis, Ping-Pong and badminton where players volley a plastic wiffleball over a net with paddles.
James has equity in other professional leagues as well. When James invested in Fenway Sports Group in 2021, he became a minority owner of the Boston Red Sox, Liverpool Football Club, RFK Racing and the Pittsburgh Penguins. James' ultimate goal, though, isYour browser does not support HTML5 audio.
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