Following Heat Brother Dwyane Wade?s Stake in $85 Million Worth Chicago Sky, Can Billionaire LeBron James Also Purchase a WNBA Franchise?

Many NBA players invest in sports teams like NBA or WNBA franchises after their active years in the league. This trend has grown in recent years as players become more aware of the possible financial rewards. Moreover, they get the chance to stay involved in the sport they love. The most recent veteran to do this is Dwyane Wade.

Wade recently purchased a stake worth $85 million in the Chicago Sky. The trade triggered questions on the similar possible bids from his Wade’s brother and billionaire basketball player, LeBron James.

Dwyane Wade is now a WNBA team owner

Dwyane Wade lately made an exciting statement regarding his investment in the Chicago Sky ownership group. It signaled yet another important step for influential individuals supporting the WNBA.

Wade will buy minority ownership in his native team subject to league Board of Governors approval. Wade’s choice has thrilled Kahleah Cooper, and other players that understand the tremendous benefit of having a previous top-tier player join the team. Even D-Wade is excited, “There are amazing things happening in the WNBA,” Wade wrote on Twitter.

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However, will an active player like LeBron James be able to hop in on this venture?

LeBron James’ basketball ownership jinx ending?

Adam Smith might’ve frozen his Las Vegas franchise foray till the redrafted media deal, LeBron James is now likely to realize his ownership desire. The King can?gain significantly from the NBA’s decision to permit player ownership of franchises.

The chance to purchase team equity is seen as a strengthened link between the NBA and its players. And given the soaring prices of NBA clubs in recent years, the financial opportunities are enormous.

But since no other major sports league presently allows players to invest in teams, the NBA and NBPA would be pioneers in this innovative idea.?The new option offers players tremendous income potential. The league valuations reached previously unheard-of heights, such as the recent $4 billion sale of the Phoenix Suns. The Milwaukee Bucks was also valued at $3.5 billion. This would be an extremely lucrative business plan for LeBron James.

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The Los Angeles Lakers legend would probably be in the lead. He could earn possible large financial rewards and transform the dynamic between players and team ownership.