(AP Photo / Rick Scuteri)
Larry Fitzgerald, the future recipient of the Arizona Cardinals of the Hall of Fame, bought a minority stake in the Phoenix Suns, first reported Adam Schefter and Adrian Wojnarowski of ESPN.
Fitzgerald confirmed that news to Jim Trotter of NFL.com.
“It’s an investment in something that I’ve supported since I’ve been to Arizona,” the receiver told NFL.com. “It gives me another connection in the community that I love and in which I will always live. It is a long-term commitment that I wanted to make for life after football.”
Fitzgerald told Trotter that Suns owner Robert Sarver proposed the opportunity to buy a part of the NBA team two years ago.
Fitzgerald becomes the second NFL player to buy a stake in an NBA team, joining Green Bay Packers quarterback Aaron Rodgers, owner of a part of the Milwaukee Bucks.
The news that arrived on Wednesday morning is not surprising. Fitzgerald has a close relationship with Sarver and even participated in training interviews last year before the team hired Monty Williams.
In December 2018, the receiver also publicly pressured fans and the city of Phoenix to support a vote to approve the renovations of the arena for the Suns home, Talking Stick Resort Arena. That agreement was finally approved.
Just a week ago, Fitzgerald was in the headlines after he decided to return for his 17th NFL season, all of which was spent in Arizona. He signed a one-year extension for a base salary of $ 11 million, according to multiple reports.
Fitzgerald, who is the second player of all time in receiving yards, led the Cardinals with 804 receiving yards in 2019 under first-year head coach Kliff Kingsbury.
As for off-field interests, Fitzgerald spoke with his shadow of Sarver during the search for training in 98.7 FM of the Arizona sports station Bickley and Marotta last april.
“I have shaded Magic Johnson, I have shaded Donald Trump, I have shaded numerous CEOs of Fortune 500 companies across the country,” he said. “I love to learn. I love trying to see what makes everyone work and I’m just a guy who likes to learn, so this is no different from anything else I’ve done. It’s on par with that.”
ESPN reported that there had been a partnership “in progress for months, if not more” regarding Fitzgerald’s interest in buying a stake in the Suns. The receiver hinted last April that it was something he would be interested in.
“I don’t know if that’s an option or not,” Fitzgerald said. Bickley and Marotta. “I don’t know. It would be great to have a minority position, but I don’t know. We’ll see. Maybe in the future.”
Although Fitzgerald told NFL.com that he was focused on the next Cardinals season, Sarver told the league website that Fitzgerald could be involved in future business operations.
“Larry will serve as an advisor and resource for our business and basketball staff, as well as for Suns and Mercury players,” Sarver said about how Fitzgerald’s role will evolve over time.