His team may not be making moves on the court just yet, but Los Angeles Lakers superstar LeBron James continues to make moves. What the Lakers superstar has accomplished off the court arguably surpasses his accomplishments, and LeBron continues to prepare for life after basketball.
Clothing company Mitchell & Ness, best known for its replica jerseys and other apparel, was recently bought by Fanatics and another group of investors that includes hip-hop superstars like Jay-Z. Now the company has attracted a group of new, high-profile investors.
Corresponding ESPN’s Nick DePaulaLeBron James is part of an expanded Mitchell & Ness ownership group that includes a number of NBA and entertainment stars:
• Lebron James
• Kevin Durant
• CJ McCollum
• Devin Booker
• James Harden
• Joel Embid
• Odell Beckham Jr.
• Rich Paul
• Rich Kleiman
• Kevin Hart pic.twitter.com/I1bOaFq42F
— Nick DePaula (@NickDePaula) October 25, 2022
With LeBron, Kevin Durant, Chris Paul, Joel Embiid and Devin Booker, there really is a who’s who of NBA stars investing in the company. Odell Beckham Jr. remains one of the biggest stars in the NFL, while Kevin Hart is a big player throughout the entertainment world. The group is expected to support Mitchell & Ness in future collaborations, its capsule collections, as well as other future ventures. Mitchell & Ness also acquired the rights to all 32 NHL teams earlier this year, allowing them to develop products for them as well.
Fanatic and CEO Michael Rubin continues to move in the industry. The Mitchell & Ness acquisition valued the apparel company at $250 million and they acquired trading card company Topps back in January.
This is even more personal for James when he met longtime agent Rich Paul because he saw Paul at the airport in a classic Houston Oilers jersey. Now the two are investing in the company together.
Silver is responding to Lakers LeBron James’ request to bring an NBA team to Las Vegas
Speaking of James’ future ventures, the Lakers star has made no secret that he would like to own an NBA team one day. There have also long been rumors of a potential expansion team for the city of Las Vegas, and LeBron recently added fuel to that fire when he asked NBA Commissioner Adam Silver to bring a team to Vegas after a Lakers preseason game at T-Mobile Arena .
The commissioner would reply to James, noting that he loves the idea of players being managed and owned. However, until the league completes the next round of collective bargaining, all expansion talks are on hold.
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