Basketball star LeBron James has voiced his opinion about the pending $525 million sale of the Sacramento Kings, Forbes reports.
”So the Kings getting sold for 525M!! And the owners ain’t making no money huh?,” Lebron tweeted recently. “What the hell we have a lookout (lockout) for. Get the hell out of here. And from what I hear the $525M isn’t even the whole % of the team! Smh. One thing is I can’t hate on their hustle though. Crazy.”
NBA players’ share of league revenue was cut from 57% to 50% last season which increased team values tremendously. The value of NBA teams has increased more than 30% in the past year with the average NBA team now worth $509 million.
Read more at Forbes.