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Will & Jada Pinkett-Smith Invest In Philadelphia 76ers

October 18th, 2011 7:34pm EDT

Will and Jada Pinkett-SmithWill Smith has become a part-owner of his hometown basketball team, the Philadelphia 76ers.

The star of the upcoming Men in Black III and his wife Jada Pinkett-Smith are among a group of investors who have taken over the struggling franchise.

The deal was unveiled on Tuesday, although it has yet to be revealed how big a stake the Smiths hold.

They'll have to wait to make their debuts as co-owners at a game - the National Basketball Association league is currently in the middle of a lock-out over a pay dispute between the players and team owners.

The couple joins close pal Jay-Z as celebrity NBA investors - the rapper is a minority shareholder in the New Jersey Nets.

 

Will and Jada Pinkett-Smith

 

Photo Credits: Pixplanete / PR Photos