FSG announced that James and longtime business associates
Maverick Carter and Paul Wachter had become partners in the Boston-based global
sports, entertainment and real estate platform, along with RedBird Capital.
James, 36, previously held a 2% stake in Liverpool, but now
will have a bigger share in the Premier League team as well as a stake in Major
League Baseball's Boston Red Sox, a sports management firm, a regional sports
cable network and Roush Fenway Racing of the popular NASCAR stock car racing
series.
FSG took control of Liverpool in 2010.
The investment and accompanying transactions value the group
at $7.35 billion (6.26 billion euros), and the Boston Globe reported that it is
a $750 million (639 million euros)investment.
The new investment is expected to allow Liverpool to recover
from the financial pressures of the coronavirus pandemic and help Anfield
expansion plans go ahead.
The club has proposed a new Anfield Road stand that would
increase the ground's capacity to about 61,000.
In a joint statement, FSG principal owner John W. Henry,
chairman Tom Werner and president Mike Gordon said they were "pleased to
welcome to our ownership group LeBron, Maverick and Paul, with whom we have
enjoyed a successful collaboration for well over a decade.
"Their addition is an important milestone for FSG and
expands and deepens a long-time friendship and relationship that began in 2010.
"To our fans and supporters: Winning continues to be
the driving force for all of us," Henry and his colleagues said.
"The growth of FSG as an organisation allows us to
further strengthen our resources and commitment to the communities we serve,
and we look forward to having these talented new partners join us in the next
chapter of FSG's evolution."
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