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Lonzo Ball Severs Ties With Big Baller Brand Co-Founder After $1.5M Allegedly Goes Missing

Los Angeles Lakers star Lonzo Ball announced today that he has severed ties with his family’s Big Baller Brand’s co-founder, Alan Foster, after nearly $1.5 million from his personal and business accounts managed by Foster has allegedly gone missing.
The Lakers guard claimed in an interview with ESPN that Foster has “used his access to my business and personal finances to enrich himself. As a result, I have decided to sever all ties with Alan, effective immediately.”
Foster is a longtime friend of Lonzo’s father, LaVar, who manages the Ball family’s business ventures and owns 16.3 percent of Big Baller Brand, the sports network reported.
“This has been a very difficult decision as I had a great deal of love and respect for Alan,” Lonzo conintued. “But the time has come for me to take responsibility for my own career both on and off the court.”
In a statement issued to ESPN, LaVar lamented trusting his friend of 10 years.
“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. “At the end of the day, family comes first, and I support Zo wholeheartedly. Together, we will make this right.”
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Via:: https://footwearnews.com/2019/focus/athletic-outdoor/lonzo-ball-big-baller-brand-alan-foster-severed-ties-1202763742/