Get All Access for $5/mo

Yankees Fan LeBron James Just Became Part-Owner of the Boston Red Sox -- and Social Media Is Calling Him a 'Fraud' Social media users lit into the four-time NBA MVP after learning he purchased an ownership stake in his favorite team's hated rival.

By Justin Chan Edited by Jessica Thomas

Los Angeles Laker LeBron James is on his way to becoming a part-owner of the Boston Red Sox, the Boston Globe has reported.

James, a noted New York Yankees fan, has purportedly purchased an "undisclosed amount" of shares in Fenway Sports Group (FSG), making him a part-owner of not only the Red Sox but also other entities that fall under the company umbrella (including NASCAR team Roush Fenway Racing, sports cable network NESN and Fenway Sports Management). His longtime business partner Maverick Carter also bought in, making the two FSG's first Black partners.

The 36-year-old James previously bought a two-percent stake in British soccer team Liverpool, which is also under FSG ownership.

Related: 5 Lessons About Building Wealth, From Basketball Titan LeBron James

Following news of James' business move, social media users appeared to take issue with the team he decided to invest in. James was famously seen wearing a Yankees hat during a 2007 playoff game against his hometown team, the Cleveland Indians. He was also spotted rooting for the Los Angeles Dodgers in last year's World Series matchup against the Tampa Bay Rays (a division rival of the Yankees).

"Wait @KingJames ...Yankee fan first ... then Indians ... then Dodgers! Now Red Sox Owner?! Fraud!" New York City radio host Peter Rosenberg tweeted. "LOL congrats to the King ... this is amazing ... new ownership is the only way to evolve these leagues in a real way."

One person had even harsher words for the four-time MVP.

"Lebron James, self proclaimed Yankees fan growing up, is a fraud," the user tweeted. "If you ever doubted it, here it is ... no self respecting Yankees fan would ever buy into that team. As a 'fan', he's lower than single-celled amoeba. Trash... "

And at least one self-proclaimed Red Sox fan seemed to be at a loss for words.

"Just heard Lebron James (1/2 Yankees Fan 1/2 Indians fan) is now part time owner of Fenway Sports Group which makes him part owner of Boston Red Sox," the user tweeted. "I just gave up on life."

There is no word yet as to whether James will now ditch his Yankees hats for Red Sox ones.

Justin Chan

Entrepreneur Staff

News Writer

Justin Chan is a news writer at Previously, he was a trending news editor at Verizon Media, where he covered entrepreneurship, lifestyle, pop culture, and tech. He was also an assistant web editor at Architectural Record, where he wrote on architecture, travel, and design. Chan has additionally written for Forbes, Reader's Digest, Time Out New YorkHuffPost, Complex, and Mic. He is a 2013 graduate of Columbia Journalism School, where he studied magazine journalism. Follow him on Twitter at @jchan1109.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.


Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.


Want to Be More Productive Than Ever? Treat Your Personal Life Like a Work Project.

It pays to emphasize efficiency and efficacy when managing personal time.