LeBron James buys part of England’s Liverpool soccer club

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LeBron James now owns a piece of one of England’s legendary soccer clubs. James has reached a deal with Fenway Sports Group (FSG), the majority owner of Liverpool FC, essentially merging his marketing company into FSG’s marketing arm and being paid a part of the club for doing so, according to the Wall Street Journal.

The deal between Mr. James and Fenway Sports Group will give Mr. James a minority stake in the soccer club Liverpool, which FSG owns. FSG, which also owns the Boston Red Sox, is partnering with Mr. James’s sports-marketing firm, LRMR Branding & Marketing to become the exclusive world-wide representative for Mr. James. The deal marks the first time that a professional athlete at the top of his game has taken an ownership interest in a team with the size and reach of Liverpool, which is one of the most popular and powerful sports franchises in the world

Right now there are a handful of very conflicted Liverpool fans in Cleveland.

While Manchester United is the biggest international name out of English soccer, Liverpool is right there in the second tier with Chelsea and Arsenal. Liverpool is a powerful brand name and the English Premiere League is an international brand of its own, maybe the most popular soccer league world wide (even if the German Bundesliga has the best soccer right now). That makes this a smart investment move by James in his quest to be a global business icon.

Liverpool has not done quite that well in the standings as they are currently a disappointing sixth (Liverpool fans have Lakers fans level expectations, so you can imagine how well sixth is sitting with them). Liverpool isn’t making a late charge up the standings with Daniel Agger and Glen Johnson out for the rest of the season. Liverpool finished seventh last season, so there is a pressure to turn things around.

The reaction to this move among the working class Liverpool faithful could be interesting.

FSG also owns the Boston Red Sox, but they are not directly involved in this deal. FSG and principal John Henry just bought Liverpool last October for $488 million (from Tom Hicks, former owner of the Texas Rangers). Part of FSG is Fenway Sports Management, which has sold advertising marketed venues before but LeBron becomes its first person as a client.

Mavericks owner Mark Cuban fined $50,000; Rockets owner Tilman Fertitta $25,000

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The first rule of NBA ownership: Don’t talk about NBA ownership.

Or the business you do as an owner until it becomes official, even if by then everyone else has known for days and already moved on from the topic.

Monday was an expensive day for two of the NBA’s owners of teams in Texas. Mark Cuban was fined $50,000 for leaking information from the league’s Board of Governor’s meeting about the new coach’s challenge  — even though everybody knew what was going to happen — before the meeting officially ended. Tim MacMahon of ESPN reported this story and had maybe the best quote of the summer to go with it.

The NBA office fined Dallas Mavericks owner Mark Cuban $50,000 after he admitted to leaking information from last week’s Board of Governors meeting to a reporter, sources told ESPN…

“I appreciate the irony of your reporting on a fine that someone should, but won’t, get fined for leaking to you,” Cuban told ESPN.

Sources said Sacramento Kings owner Vivek Ranadive expressed concern that information about the vote to allow coaches’ challenges was being reported while the meeting was still in session. Cuban immediately admitted that he had leaked the information, sources said.

Well played, Cuban.

This is a letter of the law fine, but was it a big deal that this got out? The vote was all but assured, a formality, but Cuban gets fined for telling people? Thanks, Vivek.

From the same “is this really a big deal” file we have the fine Rockets owner Tilman Fertitta got on Monday, $25,000 for talking about the Russell Westbrook trade before it was official. Even though everybody was talking about it. From Mark Stein of the New York Times.

Here is the oh-so-damaging quote:

Again, I get Fertitta crossed the official line because the trade had not gone through yet, but does that line really need to exist in these cases? It feels like the silly hat thing at the NBA Draft.

Damaging or even interesting information was not divulged in either case. The fines were not steep because of it, but the NBA’s process of what is and is not allowed around trades and free agency — and the odd Board of Governors meeting — seems behind the times.

 

Report: Clippers, Rockets both still interested in Andre Iguodala, but both at stalemate

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The Memphis Grizzlies don’t want to just waive veteran Andre Iguodala, they want to get something back in return. That is just turning out to be challenging.

The Clippers and Rockets are still interested, but both teams are at a stalemate, something Shams Charania of The Athletic broke down in a new video.

The story in a nutshell:

• The Rockets are interested, but Iguodala’s $17.2 million would take the team deep into the luxury tax (Houston is currently just shy of the tax line). Charania says any deal likely would involve a sign-and-trade, which implies Iman Shumpert, probably with a draft pick attached.

• The only Clippers’ salary that lines up cleanly is Mo Harkless (with some other players), but Los Angeles doesn’t want to give him up.

Memphis can afford to be patient and say they will just bring Iguodala into training camp, that they are willing to start the season with him.

This may take some time to get done and could ultimately involve a third team. Maybe Dallas gets back in the conversation, or other teams look at their roster and decide they want the veteran wing. This also could be something that drags into training camp, there are no easy answers lined up or the deal would be done already.

Warriors GM on D’Angelo Russell: “We didn’t sign him with the intention of just trading him”

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From the moment the Warriors acquired D'Angelo Russell in a sign-and-trade deal that cleared the path for Kevin Durant to go to Brooklyn, speculation about fit and an eventual trade cropped up. Does Russell’s game really fit with Stephen Curry and, eventually, Klay Thompson‘s, in a three-guard lineup? If not, how fast will they trade him? February at the trade deadline? Next summer?

From the start the Warriors have shot down the idea that they just planned to trade Russell, and on Monday Warriors GM Bob Myers repeated the same thing.

The Warriors plan has been to play Russell and Curry next to each other — they got an All-Star guard to soak up the minutes until Thompson can return (likely sometime after the All-Star break, if at all next season). Maybe the fit works, maybe it doesn’t, but the Warriors aren’t putting limitations or preconceived notions on the possibilities.

If it doesn’t work out, the trade option will still be there.

The Warriors do not head into this season the same juggernaut to be feared, but sleep on them at your own risk. As Meyers said, they believe they have a team that can compete with anyone.

 

Report: Raptors don’t intend to trade Kyle Lowry, Marc Gasol or Serge Ibaka

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Just a few weeks after winning a championship, the Raptors look finished as championship contenders.

In an unprecedented exit, superstar Kawhi Leonard left. Danny Greenan underrated contributor – followed him from Toronto.

The Raptors can remain good with Pascal Siakam, Kyle Lowry, Marc Gasol and Serge Ibaka. But with Lowry ($34,996,296), Gasol ($25,595,700) and Ibaka ($23,271,604) older players on expiring contracts, this iteration of the team will likely be short-lived. Toronto’s obvious path is rebuilding around Siakam.

Will the Raptors get a head start on that by dealing those veterans for assets that can help more down the road?

Josh Lewenberg of TSN:

As for veterans Kyle Lowry, Marc Gasol and Serge Ibaka – who are all on expiring deals – the Raptors have no intention of moving them, at least not before the season, according to sources.

This is perfectly fine.

The Raptors might be less-equipped in a few years by not getting value for those veterans now.

But Toronto deserves a victory lap. There’s value in Raptors fans enjoying these championship players – especially Lowry. This team should still make the playoffs, and even moderate winning will make this prolonged title celebration more satisfying.