Tuesday, May 24, 2022

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LeBron James teams up with Liverpool FC owners

NBA superstar LeBron James has become a minor partner in Fenway Sports Group (FSG), the owners of Liverpool FC.

In an announcement Tuesday, FSG said the basketball legend has invested in the group, which also owns the Boston Red Sox.

James has been a part-owner of Liverpool FC since 2011 and has a 2% stake in the club, which he bought for £4.7m.

He and his business partner Maverick Carter are now taking a more active role in global sports ownership.

James’s 2% stake in Liverpool FC is now worth more than £37m, according to a recent evaluation of the club by accountancy firm KPMG.

James was named an NBA All-Star for the 17th time this season and has spoken of owning an NBA team one day – though league rules forbid this for active players.

“I believe if I wanted to, I could own a team or be part of a basketball team,” James said in 2019. He is currently worth around $450m according to Forbes’ estimates.

Along with his mega-earnings as a basketball player and lucrative sponsorship deals, James has his own production company (SpringHill Entertainment) and media company (Uninterrupted).

A four-time NBA champion, James is a partner in a health and wellness company alongside Arnold Schwarzenegger and also part-owns 19 pizza franchises in Chicago and South Florida.

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