LeBron James increases stake in Liverpool after becoming partner at FSG as owners approve £540m investment
LEBRON JAMES has upped his stake in Liverpool after becoming a partner in their American ownership group Fenway.
The basketball superstar, 36, owned a two per cent stake in the Premier League champions since 2011.
But US reports say the NBA great has now also brought an undisclosed number of shares in Fenway Sports Group.
The company also own legendary baseball team Boston Red Sox.
John Henry remains in charge at Fenway Sports with Tom Werner the second largest shareholder.
The pair approved a new £540m investment from RedBird Capital, who became the third largest shareholders in Fenway Sports Group.
FSG brought Liverpool in October 2010 from previous American owners Tom Hicks and George Gillett.
The group have overseen Anfield renovations and built a new training ground as well as success on the pitch with Jurgen Klopp in charge.
James won his fourth NBA title last year with Los Angeles Lakers having previously won two with Miami Heat and one at Cleveland Cavaliers.
CHELTENHAM SPECIAL OFFER: GET CHACUN POUR SOI AT 50/1 IN THE CHAMPION CHASE
He earns around £30m a year from his contract with the basketball team.
The Nike sponsored athlete also helped launched Liverpool's new kit with the US sportswear giants last August.
James said: "I'll never forget the feeling of walking through the Shankly Gates, the atmosphere and the fans. It was an adrenaline rush and one of the greatest experiences I've had watching sports.
"Liverpool FC is admired across the world and I've learned firsthand that it's the people who make the community special.
"Family and community are truly at the heart of everything they do. No matter where they are."
Source: Read Full Article