Will Smith and his wife Jada Pinkett Smith are among a group of investors who have taken over the struggling Philadelphia 76ers.
Smith, who was born in Philadelphia, has not revealed how big of a stake that he and his wife hold in the NBA basketball team.
The couple joins friend Jay-Z as celebrity NBA investors, the rapper is a minority shareholder in the New Jersey Nets. The celebrity owners won't be watching their teams anytime soon though, the NBA is currently in the middle of a lock-out over a pay dispute between the players and team owners.
Will And Jada Pinkett were caught up in a whirlwind of rumors and allegations over the summer that Jada Pinkett had an affair with Jennifer Lopez's estranged husband Marc Anthony.