LOS Angeles Lakers legend LeBron James is now partly the owner of the famed Boston Red Sox, reports say.

The NBA icon reportedly obtained shares in the Fenway Sports Group (FSG), the parent company of the team which is worth $3.3billion – granting LeBron part ownership in one of the most lucrative franchises.

The businessman and NBA legend made a historic announcement on March 16, 2021.

However, LeBron has always traditionally supported the New York Yankees before buying shares with their historic rival this week.

It isn't clear how many he shares bought or how much money he has contributed, however.

Nonetheless, the Boston Globe reported that the basketball star is a minority partner in the Fenway Group and therefore, part-owner.

The newspaper is actually owned by billionaire John Henry, who is one of the majority owners of the Red Sox.

His business partner Maverick Carter also bought into the team, meaning he too is part-owner like LeBron.

"Both he & Maverick Carter each join Fenway Sports Group as partners, first and only Black partners in FSG history," Globe journalist Michael Silverman tweeted.

The athlete has dipped his toe into team ownership in the past and in 2011, became part-owner of Liverpool soccer team.

He also has a stake in the Blaze pizza company and Ladder supplement company.

James will now also have a stake other FSG holdings such as: NESN, Roush Fenway Racing, and Fenway Sports Management.

FSG's majority owner Henry will keep control of the sporting corporation, however.

LeBron is made $343 million from NBA contracts and has a $1 billion lifetime deal with Nike, TMZ reported.

As well as his successful moves on the court and in business, LeBron is set to star in Space Jam:A New Legacy.

The sporting icon said there were a lot of long days of filming but "you always had to be ready" as he prepares for his big screen debut.

James also admitted to Entertainment Weekly that he was worried about being compared to Michael Jordan, who starred in the 1996 film Space Jam.

He said he was approached 15 years ago to star in a sequel to the hit film but turned it down saying he didn't think he was "ready to do anything of that magnitude" and wanted to focus on basketball.

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