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LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world. The pair had been playing basketball together in high school, and Carter was a trusted figure in James’ life. For that reason he was tapped by the NBA superstar to assist him on the business side as his sports career was taking off. “He betted on me at a time I didn’t know what I was doing,” Carter recalled during an interview on the “ UNINTERRUPTED” podcast . “And, you know, I’m still learning every day. But he really gave me a shot and was like, ‘I’m gonna empower you.'” Since that time, Carter has been a pivotal player in James’ journey to becoming a billion-dollar athlete today. Carter has served as his manager , and they have launched several business together, including SpringHill Entertainment, which merged with British television, film, and music production company Fulwell 73...
If you’re a Boston sports fan, you certainly recall the famed “Curse of the Bambino” which loomed over the Boston Red Sox baseball team for nearly a century. In 2004, the team finally reversed the long-held curse by besting the New York Yankees in a stunning seven-game upset before taking home the World Championship against the St. Louis Cardinals. As a pitcher for the Sox at that time, Pedro Martínez was integral to the success of the organization, and has since gone down in history as a Boston sports legend. Martínez is so impressive, in fact, that the superstar athlete has been chosen as one of several subjects for the new Netflix docu-series The Comeback: 2004 Boston Red Sox . Since Martínez is fresh on everyone’s mind, now seems like as good a time as any to take a look at his whopping net worth, which clocks in at over $70 million according to Celebrity Net Worth , and see what we can learn from his diverse portfolio. Through means such as his MLB salary, endorsement and brand...
The NAACP, VistaPrint, and the Boston Celtics Shamrock Foundation announced the second cohort of recipients from the Power Forward Small Business Grant. This shared commitment of $1 million was designed to create a lasting impact through the economic empowerment of Black-owned small businesses across New England. Featuring grants of $25,000 and the opportunity to be featured on national co-branded platforms, recipients also receive design and marketing assistance customized to their specific needs. The second group of grant recipients consists of 13 small businesses from the Boston metropolitan area, Western Massachusetts, Rhode Island, and Connecticut representing a variety of industries including health and wellness, fashion, food service, journalism, and consulting, among others. Recipients of the Power Forward Small Business Grant were notified with a mix of surprise in-person and virtual visits from Celtics players Aaron Nesmith and Grant Williams; Head Coach, Ime Udoka,...
LeBron James’ partnership with Fenway Sports Group (FSG) continues to work in his favor. Earlier in 2021, AfroTech shared that James and his longtime business partner Maverick Carter became partners of FSG — the owner of Red Sox, Liverpool Football Club of the English Premier League, Roush Fenway Racing and more — and secured an ownership stake in its subsidiaries. On Nov. 29, the National Basketball Association (NBA) legend added the Pittsburgh Penguins to his ownership portfolio after FSG and its partners made the purchase of $900 million for the National Hockey League (NHL) team, Essentially Sports reports. With Fenway Sports Group's purchase of the Penguins, LeBron James' portfolio keeps growing 📈 pic.twitter.com/l1YuBBiz2c — The Athletic (@TheAthletic) November 29, 2021 Currently, FSG is waiting for approval from the Board of Governors of the NHL. They are predicted to seal the deal by the end of 2021.
Shaq may have an estimated $400 million fortune, but he shows no signs of slowing down. Throughout the years we have seen Shaquille O’Neal tap into various business ventures and rack up an impressive financial portfolio with ownership of over 50 brands, AfroTech previously reported. No stranger to the food industry, though, the Hall of Famer even reportedly became co-owner of Big Chicken with a Las Vegas, NV location alongside his friend Matt Silverman and agent Perry Rogers three years ago. However, it was new territory for O’Neal as it was his first time building a franchise from the ground up. And it seems as though he is faring well, having already launched a second location just last year in Glendale, CA. Plus, CNBC reports that in 2021, Big Chicken started accepting applications for franchises with costs ranging from $450,000 to $1.4 million. In addition, there’s a $40,000 franchise fee, and the restaurant takes five percent of sales and two percent combined for national and...
NBA champion and two-time league MVP Giannis Antetokounmpo is adding yet another sport to his repertoire with a new investment in his city’s baseball team. The Milwaukee Bucks star is said to have purchased an ownership stake in the Milwaukee Brewers, according to the MLB team, making him the first new individual investor to be added to the Brewers ownership group since 2005, ESPN reports. “We are honored to have Giannis join our team of Milwaukee Brewers investors,” Brewers principal owner Mark Attanasio said in a statement. “Giannis is a great athlete, a world champion, and a true local hero with international renown.” Giannis Antetokounmpo has joined the Crew! The two-time MVP is officially part of the Milwaukee Brewers ownership team. Thank you, Giannis, for your commitment to our team and Milwaukee! @Giannis_An34 | #ThisIsMyCrew pic.twitter.com/3xRk2yNHrp — Milwaukee Brewers (@Brewers) August 20, 2021 Just like other athletes in their off-season, Antetokounmpo is following in...
A 1-of-1 rookie card from LeBron James’ early playing days could break the bank at an upcoming auction. A report from TMZ Sports shares that the collectible SP Authentic Exquisite Endorsements autographed card comes from James’ 2003-2004 season playing with the Cleveland Cavaliers. The mint condition card is poised to sell anywhere from $700,000 to $1.2 million today (Aug. 11). According to Gotta Love Rock and Roll Auctions, it told the outlet that “this may very well be one of his finest rookie cards ever printed, and it is the first time it has surfaced in nearly 20 years.” This isn’t the first time a rare LeBron James playing card has gone for some big coin this year. As previously reported by AfroTech, another 2003 card from the NBA star’s Cavalier days sold for $5.2 million back in April, making it the most expensive basketball card ever. Even PWCC Marketplace called it “the crown jewel of all sports card investing.” In the last year alone, LeBron James has been making major...
According to ESPN, Dennis Schröder has agreed to a one-year deal with the Boston Celtics after turning down a lucrative contract extension with the Los Angeles Lakers. The point guard was the last of the top free agents on the market awaiting a new home after he refused a contract extension worth more than $80 million from Los Angeles. As of Aug. 10, Schröder is headed to Boston for a $5.9 million deal — a significant decrease from what he was hoping to lock in. ESPN reports that, “In Boston, Schroder joins a Celtics team with a hole at point guard in the wake of Kemba Walker being traded to the Oklahoma City Thunder, allowing him a chance to boost his value when he will hit the market again as a free agent next summer.” And, the 27-year-old seems to be in good spirits about the new move. “I’m proud to announce that for the 2021-22 season I’ll be playing for the Boston Celtics!” said the NBA player via Instagram. “This is one of the best franchises in NBA history and it will be a...
LeBron James continues to level up. According to Forbes, the NBA superstar is set to become a billionaire before the end of the year and it’s not just from his talents on the court. Aside from dominating in the sports world, the 2003 draft pick is also a businessman. His strong business portfolio includes ownership in Fenway Sports Group, SpringHill Entertainment, and Blaze Pizza. While the sports industry may seem to produce tons of overnight millionaires with financial horror stories to match, James continues to beat the odds bringing in the dough and amassing an incredible amount of wealth well before his 40th birthday. He’s made an appearance in 10 NBA Finals, has won four of them, and has been deemed one of the best basketball players since Michael Jordan so success has been inevitable for the Akron, Ohio native. Now, as James prepares for the premiere of “Space Jam: A New Legacy,” his financial portfolio is slated to hit over 10 figures thanks to his involvement in the film...
LeBron James may not be in this year’s NBA Finals, but he is still the talk of the town! The NBA superstar’s high school jersey is reportedly being estimated to be auctioned for up to $600,000. In an official press release shared with AfroTech , Julien’s Auctions announced that the Sports Legends auction for some of the world’s most sought-after sports treasures will take place on July 17 and July 18. Julien’s Auctions is the world-record-breaking auction house to the stars and the star-studded event includes some of the best of the best in the sports world. The event will feature items from Tom Brady, Zinedine Zidane, Ichiro Suzuki, Mike Trout, Roger Maris, and more. LeBron James’ St. Vincent — St. Mary’s high school basketball jersey which he wore on “The Chosen One” 2002 magazine cover for “Sports Illustrated” is estimated to sell between $400,000-$600,000. Colin Kaepernick’s game-worn and photo-matched No. 10 University of Nevada 2008 season football jersey are also among the...
Even in the off-season, Steph Curry is winning! According to Bro Bible, the world’s rarest Steph Curry trading card recently sold for a whopping $5.9 million. The card was purchased by Alt Fund II and it is a 2009, National Treasures 1-of-1 Rookie Logoman Autograph. The highest price ever paid for a trading card 💰 Alt, an alternative asset platform, has purchased a majority of this 1/1 2009 Steph Curry Rookie Logoman. The price? $5.9 million. pic.twitter.com/Ztn94misCl — Front Office Sports (@FOS) July 6, 2021 With the veteran minimum in the NBA at $2.6 million, this means that the cardboard version of Steph Curry could actually be worth more than the real NBA player. Trading card values continue to be on the rise as just this year alone the record for the most expensive NBA trading card has been broken three times! In March Luka Dončić’s rookie card sold for $4.6 million and in April Alt broke the record by purchasing a 2003 Exquisite Lebron James Rookie Patch Auto for $5.2...
LeBron James is taking his talents to baseball! The NBA superstar and his longtime business partner Maverick Carter are gearing up to become part-owners of the Boston Red Sox, reports USA TODAY Sports. Carter and James are now partners in Fenway Sports Group which owns the Red Sox, Liverpool FC of the English Premier League, Roush Fenway Racing, regional sports network NESN, Fenway Sports Management, and FSG Real Estate. They are FSG’s first Black partners and currently, the Red Sox portion of the deal must be approved by Major League Baseball officials. Coming off of the heels of his fourth NBA championship and fourth Finals MVP run with the Los Angeles Lakers last year, James continues to build his business and media portfolio. His lifetime deal with Nike could exceed $1 billion, his SpringHill Entertainment develops and produces other entertainment, and he’s preparing for the summer release of his new film, “Space Jam: A New Legacy,”