Home BASKETBALL PREMIER LEAGUE – LeBron James has more power in the Liverpool Reds

PREMIER LEAGUE – LeBron James has more power in the Liverpool Reds

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LeBron James @Capture Facebook

American basketball player LeBron James, along with his partners Maverick Carter and Paul Wachter, decided to increase their shares in Liverpool. Since 2011, they had 2% of the shares of the English club which they pushed up but no clarification was given as to the value of their new participation. The announcement was made on March 31, 202 by the American group Fenway Sports (FSG), owner of the English club.

The American star, LeBron James and his partners will now review their shares on the upside in Liverpool. They entered into a partnership with the owners of the club for sport and entertainment. Even if no information regarding the terms of this new agreement has been given, the four-time NBA champion and his associates will increase their shares in Liverpool, the English club winner of the 2019 Champions League. 

According to information published by the American newspaper Boston Globe, the NBA star recently acquired an undisclosed amount of shares in the FSG, which holds the majority of the capital at the Liverpool Reds but also at the Boston Red Sox. The agreement between LeBron James and the FSG presupposes a private investment of around 750 million dollars, or 629.5 million euros.

LeBron James @Capture Facebook

Liverpool will therefore be able to afford to go even further this season in the most prestigious of European competitions.Moreover, the American group Fenway Sports (FSG), owner of the club, has found another agreement with the investment fund RedBird Capital Partners. Thus, the Anfield stadium could increase its capacity from 54,000 to 61,000 seats.

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Note that LeBron James, a 36-year-old Lakers player, is not only a shareholder in the Reds.He also has shares in a baseball franchise (Boston Red Sox in MLB), a sports management company, a regional sports cable network and Roush Fenway Racing, a Nascar team (stock car racing in the United States).

Note also that the Fenway Sports Group (FSG), majority shareholder of Liverpool, is an American company, based in Boston (Massachusetts), dedicated to sport and entertainment. He owns the Boston Red Sox and the Liverpool Football Club. His main shareholder is John William Henry.

LeBron James @Capture Facebook
       

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