LeBron James Announces Decision on Owning NBA Team
Los Angeles Lakers superstar LeBron James has made headlines recently for purportedly wanting to own an NBA team. With two new expansion teams reportedly heading for Seattle and Las Vegas , the opportunity is there. View this post on Instagram A post shared by LA Sports Report (@lasportsreport) James, as part of Fenway Sports Group, is a part owner of the Boston Red Sox .
Surely owning a basketball team is of interest to him, right? “Not at all,” James said Wednesday, as reported by Joe Vardon and Mike Vorkunov of The Athletic . Jan 12, 2026; Sacramento, California, USA; Los Angeles Lakers forward LeBron James (23) stands on the court during a break in the action against the Sacramento Kings in the first quarter at the Golden 1 Center.
Mandatory Credit: Cary Edmondson-Imagn Images Wait, so LeBron James Doesn’t Want to be an NBA Owner? As of right now, it seems that’s the case, but it’s not a matter of whether or not King James wants to be an NBA owner. “One of those sources, who was not authorized to speak publicly for Fenway, said the global sports investment firm was out on NBA ownership in Las Vegas because of the expected cost — the league is reportedly seeking expansion fees as high as $8 billion per team,” The Athletic reported.
“FSG was long expected to be James’ primary financial backer in his stated desire to be an NBA team owner, and because of that, a source close to James said, ‘With Fenway no longer pursuing NBA ownership, it is less likely that LeBron will pursue a team. '”