Lonzo Ball Severs Ties with BBB Co-Founder Alan Foster over Money Allegations

Adam Wells@adamwells1985Featured ColumnistMarch 22, 2019

Los Angeles Lakers' Lonzo Ball warms up before an NBA basketball game against the New Orleans Pelicans, Friday, Dec. 21, 2018, in Los Angeles. (AP Photo/Jae C. Hong)
Jae C. Hong/Associated Press

Lonzo Ball has severed all ties with Alan Foster, co-founder of Big Baller Brand, because of allegations that Foster took money from the Los Angeles Lakers guard.

Per ESPN.com's Ramona Shelburne and Paula Lavigne, Ball accused Foster of using "his access to my business and personal finances to enrich himself" after Foster could not account for approximately $1.5 million that has left Ball's financial accounts. 

Harrison Gaines, Ball's agent, said in a statement he will be taking "a more active role" in his client's career in light of the situation with Foster:

Shelburne and Lavigne noted documents and emails indicated Foster had been questioned by Ball's financial advisors about his business decisions dating back to last fall. 

Sources told Shelburne and Lavigne that Lonzo "expressed his concerns about Foster to his father several times over the past few months but deferred to LaVar to manage the situation."

"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," LaVar said in a statement. "At the end of the day, family comes first, and I support Zo wholeheartedly. Together, we will make this right."

Foster has been manager of the Big Baller Brand since 2016 and has a 16.3 percent ownership stake in the company. He had been friends with the Ball family since 2010 when his son and Ball developed a friendship in middle school.  

 

 

Related

    Embiid Apologizes for Flipping Off Huerter After Late-Game Steal

    NBA logo
    NBA

    Embiid Apologizes for Flipping Off Huerter After Late-Game Steal

    Scott Polacek
    via Bleacher Report

    Lakers x ScHoolboy Q Merch 🚨

    We collab’d with ScHoolboy Q to make customized LA gear as part of our ‘NBA Remix’ collection. Tap to buy new merch 🛒

    Los Angeles Lakers logo
    Los Angeles Lakers

    Lakers x ScHoolboy Q Merch 🚨

    B/R SHOP
    via B/R SHOP

    Euro MVP Keeps Rejecting NBA

    Sergio Llull may have been one of the great Spaniards in the NBA, but he keeps saying no. Here’s why ➡️

    NBA logo
    NBA

    Euro MVP Keeps Rejecting NBA

    Matthew Foley
    via Bleacher Report

    The Case for and Against Every NBA Title Contender

    We look at the eight favorites in a wide-open race

    Los Angeles Lakers logo
    Los Angeles Lakers

    The Case for and Against Every NBA Title Contender

    Mandela Namaste
    via Bleacher Report