NFL star player Larry Fitzgerald has bought a minority stake in the National Baskeball Association’s (NBA) Phoenix Suns.
The Arizona Cardinals veteran is only the second active American football player to buy into an NBA team, joining Green Bay Packers quarterback Aaron Rodgers, who became a minority owner of the Milwaukee Bucks in 2018.
The sum of Fitgerald’s investment has not been disclosed to the public; however, the 36-year-old wide receiver told NFL.com “it’s a substantial capital commitment” and “not something small”.
“It gives me another connection in the community I love and always will live in. It’s a long-term commitment I wanted to make for life after football.”– NFL player Larry Fitzgerald
Larry joins an ownership group headed up by American businessman Robert Sarver, who purchased the Arizona basketball franchise in 2004.
“Larry has been a great ambassador for our organisation for years,” Sarver stated.
“He is an Arizona icon and a businessman, passionate philanthropist, and leader. He brings a unique perspective from outside basketball but still grounded in sport, and we welcome him as a valued partner and investor.”
Fitzgerald, who has been a Suns season ticket holder since 2005, told NFL.com he was first approached by Sarver about buying a minority stake in the team two years ago, when he was considering retirement from football.
“It’s an investment in something I have supported since I’ve been in Arizona,” Fitzgerald revealed.
“It gives me another connection in the community I love and always will live in. It’s a long-term commitment I wanted to make for life after football.”
Fitzgerald is a projected hall of famer, considered by many to be one of the best players in Cardinals history. He has broken several franchise receiving records during his more than 15 years with the team.