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In an official deal on Wednesday, the Los Angeles Lakers star increased his stake in Liverpool FC, becoming a partner with club owner “Fenway Sports”.
Fenway Sports Group announced that James and longtime business partners Maverick Carter and Paul Wachter have become partners on the Boston-based global sports, entertainment and real estate platform.
James, 36, owns 2% of the shares of the former club, which last season won their first Premier League title since 1990, since 2011.
But his stake is now more important in the “Reds”, and he also owns stakes in the Boston Red Sox club, participating in the American Baseball League, in a company specializing in sports management, a regional sports network wired and the Fenway Racing Rush. team participating in the American Series of NASCAR races.
Sources said James’ share could now reach 10% for the English club.
The investment and the associated transaction package are estimated to be worth $ 7.35 billion, while the Boston Globe newspaper reported that the new deal would inject $ 750 million into Liverpool’s treasury.
European sources say James’ new deal with Liverpool could ‘save’ Liverpool from the huge losses they suffered in the Corona pandemic, which reached $ 150 million.
The new investment is expected to allow Liverpool to recover from financial pressures caused by the repercussions of the Corona virus, and will also help them move forward with their plans to expand the ‘Anfield’ stadium.
The deal could also give more comfort to coach Jürgen Klopp and his management, to sign the necessary contracts next summer, to strengthen his team, which has suffered from a large fluctuation in results this season.
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