Arizona Cardinals wide receiver Larry Fitzgerald has purchased an undisclosed minority stake in the National Basketball Association’s Phoenix Suns.
Fitzgerald becomes the second active National Football League player with a stake in an NBA team, joining Green Bay Packers quarterback Aaron Rodgers, who invested in the Milwaukee Bucks in 2018.
“It’s an investment in something I have supported since I’ve been in Arizona,” Fitzgerald told NFL.com. “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.”
The offer to join the Suns ownership group was first made two years ago by the team’s managing partner Robert Sarver, who has struck up a close friendship with Fitzgerald in recent years. Fitzgerald, 36, has been a season ticket holder with the team since 2005.
“I had never really given it any thought before then,” Fitzgerald added. “I asked him to give me a little bit of time to think about it and wrap my mind around it. I thought it was a unique opportunity because I hadn’t heard of many other [athletes] doing it, but I wanted to really think about it because it’s a substantial capital commitment. It’s not something small.”
The Suns were valued at $1.5bn in 2019 by Forbes.