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WEST HOLLYWOOD, CALIFORNIA – JULY 13: Russell Westbrook attends Variety and Sportico’s Sports and Entertainment Summit, presented by City National Bank at 1 Hotel West Hollywood on July 13, 2023 in West Hollywood, California. (Photo by Alberto Rodriguez/Variety via Getty Images)
NBA star Russell Westbrook is making money moves after receiving one of the biggest pay cuts in NBA history. The LA Clippers player is investing in 49ers Enterprises ahead of its takeover of Leeds United.
Westbrook is joining the consortium as a minor shareholder in the English soccer club the same week American golfers Jordan Spieth and Justin Thomas confirmed their shares in the 49ers group, ESPN reports. The Los Angeles Clippers player was at Sportico’s sports and entertainment summit on Thursday, July 13 when he made the announcement.
“I was lucky enough to have conversations with some of the partners in this deal who already have ownership, the 49ers,” Westbrook said.
“So I was lucky enough to talk through that with friends, talking with my business partner as well about different things and having conversations, figuring out if this was the right deal and how we could make it different.”
Other business ventures under Westbrook’s belt include his LA-based clothing store, Honor The Gift, and his “Why Not?” Foundation and schools. While speaking at the Sportico summit, Westbrook noted the inspiration behind his business ventures and how they must align with his personal value, as noted by Sports Illustrated.
For the LA native, it’s all about giving back to the community that raised him and inspiring those facing challenges like the ones he faced growing up. He’s also set on becoming a billionaire “sooner than later,” so Westbrook’s latest investment will hopefully move him closer toward his goal.
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Source: Black Enterprise
