Will & Jada Pinkett-Smith Invest In Philadelphia 76ers
Will 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.