July 17th 2023.
NBA star Russell Westbrook is making moves in the business world. Recently, he announced his involvement as a minor shareholder in the English soccer club Leeds United. The deal comes after American golfers Jordan Spieth and Justin Thomas confirmed their shares in the 49ers group.
Westbrook made the announcement at the Sportico Sports and Entertainment Summit on July 13th, 2023. He said that he was fortunate enough to speak with friends and his business partner about the opportunity. He admitted that "figuring out if this was the right deal and how we could make it different" was a big part of the decision.
The investment with the professional athletes comes one month after Leeds United owner Andrea Radrizzani agreed to sell his stake in the club to 49ers Enterprises in exchange for a controlling stake. However, the deal has yet to be ratified by the English Football League.
Westbrook just signed a two-year, $7.8 million contract with the Los Angeles Clippers, after taking a whopping $43 million pay cut. He owns several business ventures, including a clothing store and his own foundation and schools.
During the summit, Westbrook spoke about the inspiration behind his business ventures. He mentioned that it was important for them to be aligned with his own values, and that he wanted to give back to the community that raised him. The NBA star is determined to reach billionaire status, and his investment in Leeds United could move him closer to that goal.
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