LeBron James Wants To Be An NBA Owner One Day
By Ryan Rosko
Cleveland Cavaliers star LeBron James has been compared to NBA great Michael Jordan in a variety of ways. Now, James’ potential post retirement plans could continue to follow Jordan’s path.
The success LeBron James has achieved on the court is very hard to achieve. Only a small percentage of players in NBA history can say that they achieved a similar or better career.
In the future, it is not out of the realm of possibility that James will become the first billionaire athlete because of his marketing presence. James won championships with the Miami Heat, but he also just achieved a major goal: Win the NBA Championship with the Cleveland Cavaliers.
As he continues to prepare for the upcoming season in hopes of winning back to back titles, James expressed an interesting tidbit regarding his future after basketball. While appearing on the “Open Run” podcast, which James’ media company owns, he discussed his dream is to be an NBA owner.
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"My dream is to actually own a team and I don’t need to have fully hands on. If I’m fortunate enough to own a team, then I’m going to hire the best GM and president that I can."
James would not be the first NBA player to invest in a professional basketball team. Like Michael Jordan, James could be a majority owner, but would that be the right fit for him?
James is already very busy and will continue to be once retired. He is not going to be able to try his hand at owning a team for a while.
Whenever that opportunity does come though, getting the talent should not be hard in free agency. Then again, maybe not.
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Jordan’s team, the Charlotte Hornets, are a solid team, but they are by no means a championship contender. They are also not an organization in which the best players in the league wants to go to.
The assumption is that many players in their 20s and 30s would want to play for Jordan because of what he did on the court. Unfortunately for Jordan, that is not the case.
James is not going to retire any time soon. When he actually does would a different reaction happen if he becomes an owner? I am not sure about that.
James’ experience on and off the court would benefit NBA teams in so many ways. Could he end up buying a percentage or the majority ownership of the Cavaliers from Dan Gilbert? Such a purchase would lead to a reaction similar to when James returned to play for Cleveland.
Whether James becomes an owner in Cleveland (in some capacity) or elsewhere he should be successful. The main question with LeBron James’ interest in such a role is would it be with a majority stake or not?
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Right now, I would expect him to become only a minority owner one day. However, it would not be surprising to see him invest more and become a majority owner.