There's never a dull moment when it comes to the Big Baller Brand, and its latest development upholds that trend.
According to a report by ESPN's Ramona Shelburne and Paula Levigne, Los Angeles Lakers guard Lonzo Ball has severed ties with business manager and Big Baller Brand co-founder Alan Foster over concerns of the whereabouts of roughly $1.5 million missing from his personal and business accounts. Ball told ESPN that he believes Foster "used his access to my business and personal finances to enrich himself."
Foster, who owns 16.3 percent of Big Baller Brand, has been a friend of Ball's father LaVar for nearly a decade and serves as a business manager for all of the family's businesses. Questions about Foster were first raised last fall to Lonzo and LaVar by Lonzo's financial adviser. Lonzo then himself expressed his concerns about Foster to his father over the past several months, but ultimately deferred to LaVar.
This week, LaVar reviewed e-mails and documents sent to him by the advisor, leaving him "stunned" according to ESPN's sources.
"I've always believed in the best in people. Regretfully, I put my complete trust in Alan Foster to manage my son's business affairs," said LaVar. "At the end of the day, family comes first, and I support Zo wholeheartedly. Together, we will make this right."
As of now, the whereabouts of the missing $1.5 million remains in question. Ball has asked his agent, Harrison Gaines, to take on a more active role in his career.
