After Big Baller Brand co-founder Alan Foster allegedly embezzled money from the company, Lonzo Ball said it’s done.
Lonzo Ball is ready to throw in the towel when it comes to Big Baller Brand, but his father LaVar is not.
In a promo for the Facebook series “Ball in the Family,” Lonzo can be seen confronting LaVar on the state of the brand after co-founder Alan Foster allegedly embezzled millions from the company.
“The brand is demolished right now,” Lonzo tells his father, who responds the brand isn’t destroyed.
Lonzo’s mother, Tina, later tells the camera she feels the tension between the Ball patriarch and his son.
Lonzo Ball cut ties with Foster and Big Baller Brand in late March after his financial advisor reportedly informed the family about irregularities, but Ball wasn’t aware that $1.5 million went missing until then.
He said Foster took advantage of the family to “enrich himself” and that he wanted nothing more to do with Foster or the brand. Ball even covered the Big Baller Brand tattoo he had on his arm.
According to ESPN , Lonzo had a 51 percent stake in the company, while LaVar owned 16.4 percent. Lonzo’s mother and Foster each own 16.3 percent.
Last month, the merchandise was on sale, with some items going for just $5.
Big Baller Brand went from selling $50 t shirts to selling them for $5 at local volleyball tournaments 😂 pic.twitter.com/PBdyH1BSFW
— LA Sports Radio (@LASportsRadio) July 14, 2019
Since Ball severed ties with the company, the Lakers traded him to the Pelicans as part of a package deal for Anthony Davis.