LeBron James joins E1 Championship as Team AlUla owner

LeBron James has joined the E1 World Championship as the owner of Team AlUla, set to compete in the 2025 season beginning with the Jeddah GP. The team will be piloted by Rusty Wyatt, a Canadian powerboat star, and Catie Munnings, the UK's first female Red Bull motorsports athlete. This new venture adds to James' extensive investment portfolio, which includes stakes in Fenway Sports Group and Liverpool FC. The E1 Championship, aimed at promoting sustainable motorsport, features a lineup of notable team owners including Tom Brady, Rafael Nadal, and Will Smith. James expressed excitement about participating in a competition that he believes is revolutionizing water racing. The inaugural season of the E1 Championship began in February 2024, highlighting electric-powered racing in iconic global cities.