LeBron James: What the NBA Star Made as Part Owner at Liverpool With FSG Amid Sale Plans

LeBron James: What the NBA Star Made as Part Owner at Liverpool With FSG Amid Sale Plans

  • Basketball icon LeBron James reportedly made a good profit as part-owner of Liverpool Football Club since 2011
  • FSG are planning on finding a new owner after releasing a statement earlier this week about their intention to sell
  • LeBron James earned £37 million during FSG's ownership of the club and has publicly shown his support for the Reds

LA Lakers superstar LeBron James has reportedly cashed in big since investing in Liverpool more than 10 years ago, through a close working relationship with Fenway Sports Group (FSG), who own the Reds.

The four-time NBA champion bought a 2% stake of Liverpool with his business partner Maverick Carter in April 2011, and that investment has proven to be smart.

LeBron James, LA Lakers, NBA, Liverpool, FSG
LeBron James has won four NBA titles and has profited as a shareholder of Liverpool FC. Photo by Ethan Miller.
Source: Getty Images

FSG announced this week that they were inviting offers from potential buyers, as they look to sell the club after more than 10 years. James was part of FSG ownership which has overseen tremendous growth and success on and off the pitch, according to the BBC.

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James is currently the only active NBA player to become a billionaire a few months ago, after his $121 million earnings in the past year saw the former Miami Heat surpass that milestone, according to Forbes.

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James profits as Liverpool part-owner

The 2% stake was worth £4.7 million in 2011, and worth £37 million in March 2021 when he converted his stake to one per cent of the entire FSG group, according to the Liverpool Echo.

James' stake at FSG is now worth $90 million, and he is now part owner of Major League Baseball (MLB) team Boston Red Sox and ice hockey side Pittsburgh Penguins. He has hinted that he intends to own an NBA team if the league goes ahead with expansion plans.

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As part owner, Liverpool have won the Champions League and the Premier League under the NBA icon. He is expected to get a lucrative sum when FSG finds a new buyer, according to the Mirror.

FSG announce Liverpool sale intentions

Sports Brief earlier reported on FSG releasing a statement saying they're inviting offers from potential buyers of Liverpool FC.

FSG have owned the English club since 2010, and have overseen great success with the Reds after decades of trophy droughts.

The group were criticised in 2019 though, after they tried to get Liverpool into the failed European Super League.

Source: SportsBrief.com