Liverpool fan LeBron James already has a two per cent shareholding in the Premier League champions, but after reportedly becoming a partner in Liverpool owners Fenway Sports Group, the NBA star effectively increases stake in the club
Tuesday 16 March 2021 23:53, UK
LeBron James has joined Fenway Sports Group as a partner, the Boston Globe reported, with the NBA star increasing his stake in Liverpool as a result.
The 36-year-old Los Angeles Lakers forward purchased an undisclosed number of shares in FSG, which has also approved a $750m private investment from RedBird Capital Partners, the Globe reported, citing a source with knowledge of the deal.
FSG did not respond when approached for comment by Reuters.
James has had a relationship with FSG since 2011, when he signed a marketing deal in exchange for a small ownership - two per cent - stake in Liverpool.
Principal owner John Henry will remain in control of FSG, while chairman Tom Werner stays as the second-largest shareholder. RedBird Capital Partners now owns the third-largest share with President Michael Gordon fourth.
According to Forbes, James is expected to make $95.4m in salary and endorsements in 2021, with $31.4m of that from his Lakers contract. He was supposed to make $39.2m this season, but players' salaries are being reduced as the NBA works through the COVID-19 pandemic.
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