LeBron James’ Group Officially Buys Pittsburgh Penguins

LeBron James’s contributions to the world of professional basketball cannot be understated. James suffered a serious injury to his right ankle in the Lakers’ game against the Atlanta Hawks back in March. Even after coming back, James has never been the same. It seems James can add yet another feather to his cap now.

On top of being a basketball player, LeBron James is also a suave businessman as he has dabbled in various projects outside of the basketball court. It seems his latest venture has proved to be fruitful.

As reported earlier, Fenway Sports Group, which James is a partner of, was in “advanced talks” to buy the NHL’s Pittsburgh Penguins. Fenway Sports Group also owns the Boston Red Sox and Liverpool F.C., a Premier League Football team.

It seems the talks were finalized as the Fenway Sports Group has ended up purchasing the Pittsburgh Penguins. They purchased a majority stake in the NFL team, and the purchase will be going down for $900 million.

The Fenway Sports Group is currently waiting for approval from the Board of Governors of NHL and it is predicted that the deal will be finalized by the end of 2021. While James’ business ventures continue to be successful, his performance during the latest NBA season is another story entirely.

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