Smiths invest in basketball team

The I, Robot star 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 (18Oct11), 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.