Report: Ball family discussed folding Big Baller Brand
Allen Berezovsky / Getty Images Entertainment / Getty

The Big Baller Brand may soon cease to exist, as Los Angeles Lakers point guard Lonzo Ball and his family held discussions over the weekend about folding the company, according to ESPN's Ramona Shelburne.

The news comes after Lonzo cut ties with Big Baller Brand co-founder Alan Foster and alleged Foster has enriched himself through the use of both Lonzo's business and personal financial accounts.

Lonzo owns 51 percent of Big Baller Brand. His father, LaVar, owns 16.4 percent, and his mother and Foster each own 16.3 percent.

Humble Lukanga, Lonzo's financial adviser, informed the 21-year-old back in October that there was $1.5 million unaccounted for in his accounts. Lonzo ultimately deferred the matter to his father but a recent interview with ESPN brought Foster's criminal history to the Lakers guard's attention; Foster previously pleaded guilty to one count of mail fraud and two counts of money laundering.

That revelation reportedly led Lonzo to dig deeper into Foster's past.

Lonzo recently teased a move to the Nike brand in an Instagram post and changed his profile picture on his social media accounts to one of him wearing a Nike shirt as a child.

Darren Moore, Lonzo's manager, filmed himself throwing Big Baller Brand shoes down a trash chute and posted the video Monday on Instagram.

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Report: Ball family discussed folding Big Baller Brand
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