Lonzo Ball Reportedly Cut Ties With Big Baller Brand Co-Founder
According to the LA Times, Lonzo Ball severed ties with a part owner of Big Baller Brand and his father’s best friend, over his belief that the man took money without permission.
Gregory Alan Foster was accused by Ball’s financial planner of taking money from Big Baller Brand and general mismanagement of the Lakers point guard’s finances. ESPN reportedly has seen documentation that Foster took $1.5 million from Ball’s personal and business accounts and could not account for that money.
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Breaking News unfortunately Lonzo Ball has cut ties with family friend and BBB co-founder, Alan Foster after a disappearance of $1.5 million from Lonzo’s personal and business accounts. Alan owns 16.3% of Big Baller Brand and its still unclear business wise how this will play out. #whougotpodcast
In a statement provided to The Times, Ball said he directed Lukanga, his manager Darren Moore and his agent Harrison Gaines to “pursue all options to recover the money that was taken from my accounts. This has been a very difficult decision as I have a great deal of love and respect for Alan. But the time has come for me to take responsibility for my own career.”