LeBron James and Liverpool
How does LeBron James own a stake in Liverpool FC while the team is being sold?
Ever since it was revealed that the English Premier League team is up for sale, NBA superstar LeBron James’ connections to Liverpool FC have drawn attention. In 2011, LeBron James acquired an interest in Liverpool FC. LeBron James does own the Liverpool club’s minority stake ever since.
Liverpool is perhaps the top franchise in English history and one of the largest football teams in the world. The Fenway Sports Group is the owner of the football team (FSG). However, FSG formally announced in a statement that they are selling the club.
Since the investing company acquired LFC in 2011, Liverpool has had incredible success. John W. Henry, one of the two founders along with chairman Tom Werner, is the primary owner of FSG. When the English club recruited Jurgen Club, one of the most sought-after managers in the world, back in 2015, they shot to fame.
LeBron James and his business associate Maverick Carter made the decision to invest in Fenway Sports Group since their investments in Liverpool FC were performing well and their affiliation was as well.
By swapping their minority share in LFC for a 1% stake in FSG, the pair were able to accomplish this. Later, FSG disclosed that once the pair joined the investing group, their share in the franchise rose. Additionally, Major League Baseball’s (MLB) Boston Red Sox and the National Hockey League’s (NHL) Pittsburgh Penguins are owned by FSG.
The primary objective of LeBron James’ partnership with FSG is to someday own an NBA club. LeBron James has long been vocal about his desire to acquire an NBA franchise soon. FSG is already an investor in sports clubs all around the world, so if the NBA decides to expand, the investment company may be able to step in and purchase a franchise.