LeBron James Becomes FSG Partner And Part Owner Of Liverpool After Fresh Injection Of Cash

The player had previously held a 2% stake in the Premier League side

Not only did LeBron James hold a 2% stake in Liverpool till date but the basketball player’s affinity with the Premier League club was public knowledge as well. James has persistently talked about his penchant for Liverpool with him said to be an integral figure driving Nike and Liverpool’s sponsorship deal.

James has now decided to further his interest in the club with the player increasingly the number of shares he holds at side. Boston Globe, the newspaper owned by FSG’s owner John Henry disclosed that James was now a part owner at Liverpool after a fresh round of investment from the player.

James Becomes Part Owner Of Liverpool

The USA newspaper reports that James has purchased an undisclosed number of shares in FSG, making the four-time National Basketball Association (NBA) champion a part-owner of Major League Baseball’s (MLB) Boston Red Sox, Nascar team Roush Fenway Racing and the New England Sports Network (NESN).

James’ previously owned 2% shares were said to be worth 37 million pounds.

FSG Rope In RedBird

FSG also revealed that LeBron was a partner at the company now after his latest cash infusion. Fenway Sports Group (FSG), the parent company of English soccer giants Liverpool, also approved a gargantuan US$750 million investment by RedBird Capital Partners.

The fresh round of funding is said to be a part of FSG’s aspirations to widen their already impressive set of purchases. FSG is said to be on the lookout for a new European soccer club, teams in the National Hockey League (NHL), Major League Soccer (MLS), National Women’s Soccer League (NWSL) and Women’s National Basketball Association (WNBA), in addition to sports betting, esports and data analytics companies.

FSG’s liaison with RedBird Capital Partners is said to be a massive shot in the arm to Henry’s dreams of widening FGS’s range. RedBird will receive an 11% stake in FSG, giving the company a valuation of US$7.35 billion.

RedBird has been extremely active in the sporting fraternity across the last year. The period has seen the club purchase French soccer side Toulouse FC and the XFL spring football league.

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