It appears Justin Timberlake is following the footsteps of Jay-Z by becoming the next celebrity investor in the National Basketball League.
According to a report from ESPN, the singer-turned-actor-entrepreneur will be likely to invest his many millions into his hometown professional team the Memphis Grizzles.
Robert Pera, the prospected new owner of the NBA team has struck a friendship with Timberlake, as he will be making “a meaningful investment into the team” while planning “to be active” with the basketball team.
The Memphis team is already well acquainted with Timberlake, who invited the huge lifelong basketball fan to be a part of various celebrity games at NBA All-Star Weekend.
Sources tell the magazine that other than bonding over their love for the sport, Timberlake and Pera have bonded over his interest in technology. In Timberlake’s Oscar-nominated film The Social Network, the actor portrayed Napster co-founder Sean Parker.
If Timberlake does officially make the investment, he would become the third celebrity NBA minority owner, joining the ranks of Jay-Z (Brooklyn Nets) and Will Smith (Philadelphia 76ers).
Justin's fiancée Jessica Biel is likely to be a fan of his next entrepreneurial move, as the couple are a permanent fixture at the Los Angeles Lakers courtside seats throughout the NBA season.