Larry Fitzgerald’s investment in the NBA’s Phoenix Suns

Back in late January 2020, the Arizona Cardinals wide receiver and future Pro Football Hall of Famer purchased a minority stake in the Phoenix Suns. Fitzgerald joins Green Bay Packers quarterback Aaron Rodgers as NFL players who have recently invested in an NBA franchise, but whether Fitzgerald will fulfill a role beyond investor will be determined once he’s done playing football. The venture with the Suns is part of a master plan to prepare himself for life beyond the white lines.

The offer to join the Suns was first made two years ago by Suns’s managing partner Robert Sarver. He and Fitzgerald first met in 2005, a year after Fitzgerald was drafted third overall by the Arizona Cardinals. The two struck up a friendship that blossomed over the years and included discussions about business as much as life.Two years ago, managing partner Robert Sarver suggested that Fitzgerald join the NBA team as he got to become friends with the Suns executive.

Larry Fitzgerald and Robert Sarver

Fitzgerald had this to say on his Twitter account,“It’s an honor to have the opportunity to invest in a historic franchise with a very bright future. I’m blessed to call the PHX community and the state of Arizona my home and I’m excited to make a long-term commitment as an owner, but more importantly as a fan!”

It’s been a busy 2020 for Fitzgerald. In July he joined Dick’s Sporting Goods Board of Directors and earlier this year he became the brand ambassador for Waymo, a self-driving technology company, according to the Arizona Republic.