LeBron James Reveals Michael Jordan-Like Plan to Own NBA Team | Here's His Target City

LeBron James revealed what he wants to achieve next after becoming a billionaire, and the plan is similar to Michael Jordan, which involves basketball and Las Vegas.

According to NBC Sports, James announced that he would like to own an NBA team and wants it to be from Las Vegas. During an interview on " The Shop," the Lakers star expressed his desire to be like Jordan, who owns the Charlotte Hornets.

"I wanna own a team. Yeah, I wanna buy a team. For sure... I want the team in Vegas," LeBron James said in a preview of "The Shop" posted on his Twitter.

Yahoo! Sports reported that it was not the first time James talked about his desire to own an NBA team. In 2016, the NBA star also talked about owning a team with Jesse Williams and Stefan Marolachakis on the podcast "Open Run."

"I would love to be a part of a franchise, if not at the top. My dream is to own a team and I don't need to have full 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," LeBron James said at the time.

LeBron James Wants to Own a Las Vegas Team: How Can He Do It?

Reports said the Lakers star cannot own a team while he is still an active NBA player. However, the expiration of the Collective Bargaining Agreement (CBA) in 2024 could leave the door open and alter the rule about players buying shares while they are still playing.

There are several ways in which LeBron James could own an NBA team. The simplest way is for him to buy an outright or be the majority shareholder in an ownership group. However, he will need a lot of money to pull such a move.

Another way of owning a team is to begin as a minority shareholder and buy some more shares down the line. Michael Jordan did this method with the Charlotte Hornets.

Jordan was reportedly a minority owner of the team since 2006 until he bought Hornets from the majority owner, Robert L. Johnson, in 2010.

LeBron James Billionaire

Being a shareholder will be easy for LeBron James because he recently became a billionaire. Forbes announced on June 2 that the Lakers star became a billionaire with a net worth of $1 billion.

James reportedly got most of his money from outside basketball, though some of his business moves over the past year.

The NBA star earned $300 million from the Spring Hill Company, which is a combination of his Robot Company marketing, athlete brand Uninterrupted, and Spring Hill Entertainment.

James also earned $90 million from Fenway Sports Group, of which he owns one percent of the share. Furthermore, the basketball player also earned $30 million for his 10 percent shares of Blaze Pizza.

He also has miscellaneous investments valued at $500 million and real estate properties valued at around $80 million.

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Written by: Joshua Summer

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