When millions are involved in any business and a bunch of it can’t be accounted for, it’s going to cause serious problems.
Lakers point guard Lonzo Ball has reportedly severed ties with longtime friend and Big Baller apparel co-founder Alan Foster after well over one million dollars turned up missing from his personal and business accounts.
Ball told ESPN that Foster “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.”
What makes this situation even worse is that Foster has known Lonzo since he was in the seventh grade and helped in establishing the NBA star’s Big Baller brand.
ESPN reported on Foster’s shaky past that includes a seven-year bid in prison for mail fraud and money laundering. “This dude is one of the smartest suckers ever,” LaVar Ball told ESPN when speaking of Foster in 2017. “He knows how everything goes…He was like, ‘I’ll tell you what. You’re going to put all the work in with your boys. I’ll come back and run the agency. Whatever you need me to do. Let me do it, though.’”
LaVar Ball issued a statement to ESPN regarding the missing money and the split from Foster, calling the situation “devastating.”
“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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Darren Moore, Ball’s personal manager said, “Alan Foster was more than a trusted adviser. He was a mentor, a father figure and someone Lonzo and I respected, loved and listened to. … I’m proud of Lonzo for waking up and taking back his power. Together, we will fight for justice.”
