Le Matin – LeBron increases stake in Liverpool club

NBA superstar LeBron James, already a minority shareholder, has increased his stake in defending Premier League champions Liverpool FC, American group Fenway Sports (FSG), owner of the club, announced on Wednesday.

The 36-year-old Lakers player, and his longtime associates Maverick Carter and Paul Wachter, have partnered with Boston-based sports and entertainment company FSG.

He already owned 2% of the club. No information was communicated as to the level of its new stake.

Other investments with FSG include stakes in the Boston Red Sox Baseball Club (MLB), a sports management company, a regional sports cable network, and Roush Fenway Racing, a Nascar team, the popular stock car championship.

In addition to the partnership with James, FSG has entered into another with the company RedBird Capital Partners.

This investment fund, which owns Toulouse FC (Ligue 2) in particular, will inject $ 750 million to allow Liverpool to amortize the financial losses linked to the new coronavirus pandemic and to help carry out the expansion work of the Anfield Road stadium.

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