NBA star LeBron James has partnered with Liverpool
owners Fenway Sports Group, the Boston Globe claimed, with James increasing his stake at the Merseyside club as a result of this development.
The 36-year-old acquired an undeclared number of shares in the company, which has also equally a $750million private investment from RedBird Capital Partners, according to a source with knowledge of the entire deal.
Fenway Sports Group, when approached for remarks by Reuters, did not respond.
The Los Angeles Lakers forward has had a working relationship with the Liverpool Owners since 2011, when he put pen to paper on a marketing deal in exchange for a small percentage of ownership –just two percent - stake in Premier League giants.
John Henry, the principal owner, will remain in full control of the Fenway Sports Group, while chairman of the Group Tom Werner remains as the second-largest shareholder of the company. As it stands, RedBird Capital Partners now owns the third-largest share at the Group, with President Michael Gordon retaining fourth.
As per a report by Forbes, the NBA Superstar is expected to make about $95.4million in salary and endorsements this year, with $31.4million of that from his contract with his NBA franchise Los Angeles Lakers. He was meant to make about $39.2million this current league campaign, but players' weekly pays are being cut down as the league works through the Coronavirus pandemic.
In an Instagram post last year, the NBA superstar reiterated his love for Liverpool, who plays Premier League Football
, and only last year named Paris Saint-German and France international forward Kylian Mbappe among his favorite footballers.
The three-time NBA Champion, took to Instagram sometime last year while the league was on break due to the COVID-19 pandemic, hosted a questions and answers session.
The Los Angeles Lakers superstar, then a minority owner of the former Champions League winners, reacted with the following during the session:
"Favourite soccer players ... I got a few," James responded to a question.
"First of all, every player on Liverpool. Straight up. Every player on Liverpool.
"Mbappe, Neymar, Cristiano Ronaldo, those guys are legends, I love those guys. Those are just a few of them."
The Reds have been connected with a move for World Cup winner Mbappe, a move that would undoubtedly please not just James but all the fans of the club due to their poor run of form in the Premier League this season.
The Reds have continued to be linked with a move for the superstar in a bid to strengthen the side ahead of next season.
Aside from Mbappe, Liverpool will also have to contend with European giants such as Manchester United, Manchester City, and Chelsea for the signature of Borussia Dortmund striker Erling Haaland in the summer.
The 20-year-old is under contract at the Bundesliga side until the summer of 2024 but has a €75m buyout clause, which comes into effect in the summer of next year.
The Norway international forward has grown into one of the globe's most prolific strikers having netted 43 goals in 44 matches for Dortmund since linking up with the side from Red Bull Salzburg for £17m in 2019.
The Reds will need to strengthen their squad so as to be in contention for the league next term. Only time will tell which of the two superstars attackers will be attracted to the club.
Written By Alan Spencer