15 Black Celebrities Who Now Own Sports Teams

For decades, sports team ownership felt like an exclusive club, one that was hard for Black people to enter, especially in an industry where Black talent fills the fields but rarely fills the boardrooms. 

But that’s changing. Today, more Black celebrities are not only getting seats at the table, they’re buying part of the table too.

From music icons to NBA stars, these individuals are using their wealth and influence to invest in sports franchises across the world. Whether it’s football, basketball, baseball, or even electric boat racing, they’re bringing diversity to ownership and changing the face of sports from the top.

Here are some black celebrities who currently own stakes in sports teams, real ownership, not endorsements or honorary titles.

LeBron James

Clubs: Liverpool FC, Boston Red Sox, Pittsburgh Penguins, AC Milan

LeBron isn’t just dominating basketball courts, he’s deep in the sports business. Through Fenway Sports Group, he owns shares in major clubs across soccer (Liverpool, AC Milan), baseball (Red Sox), hockey (Penguins), and motorsport. He’s also part of a team in the new electric boat racing league.

Magic Johnson

Clubs: Los Angeles Dodgers, LAFC, LA Sparks, Washington Commanders, Washington Spirit
Magic has built one of the most impressive post-retirement portfolios. From baseball to soccer to women’s basketball, and now even the NFL, he’s invested across leagues and continues to shape sports culture as an owner.

Snoop Dogg

Club: Swansea City
Known for his love of sports and humor, Snoop made a serious business move in 2025 when he bought a stake in Swansea City, a second-tier English football club. He’s taken his fandom across the Atlantic and into the boardroom.

Tems

Club: San Diego FC
Tems quietly joined the MLS ownership club in 2025, buying a stake in San Diego FC. The Nigerian singer didn’t make a fuss, she let the investment speak for itself. Now, she’s one of the few African women in sports ownership.

Kevin Durant

Clubs: Philadelphia Union, Gotham FC, Paris Saint-Germain
Durant’s passion for soccer has translated into serious business moves. He owns part of both an MLS and NWSL team, and has also joined the ownership group at French giants PSG. For him, this is about global growth and local impact.

Russell Westbrook

Club: Leeds United
The NBA star is among a group of investors behind Leeds United through 49ers Enterprises. The historic English football club may have had its ups and downs, but Westbrook believes in its future.

Michael B. Jordan

Club: AFC Bournemouth
The “Creed” star stepped into Premier League territory in 2022 by becoming a minority shareholder in Bournemouth. His move shows that sports ownership isn’t just for athletes, entertainers are making waves too.

Ciara & Russell Wilson

Club: Seattle Sounders
In 2019, NFL quarterback Russell Wilson and his wife, singer Ciara, joined the Seattle Sounders ownership group. As local celebrities with national appeal, their investment brings both money and visibility to the club.

Will Smith & Jada Pinkett Smith

Club: Philadelphia 76ers
This Hollywood power couple joined the 76ers ownership team in 2011. As proud Philadelphians, their involvement reflects a long-term commitment to their hometown’s basketball scene.

Usher

Club: Cleveland Cavaliers
Usher has been a part-owner of the Cavs since 2005. He’s seen the highs and lows, including LeBron’s championship run. Few celebrity owners have stayed this long and that says a lot.

Tracy McGrady, Vince Carter, Jozy Altidore

Club: Buffalo Bills
This trio of former athletes joined a new minority-led investment group in 2024 that purchased a share of the NFL’s Buffalo Bills. It marked the first time the team brought in Black investors.