Too much money as NBA legend LeBron James buys more shares in Liverpool after investing in £540m deal

- Los Angeles Lakers star LeBron James has increased his shares in Liverpool

- The basketball legend recently partnered with the Fenway group, the owners of the EPL club

- James won his fourth NBA title last year with LA Lakers

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NBA legend, Lebron James has reportedly increased his shares in Liverpool following his decision to partner with the American ownership group Fenway.

The 36-year-old multiple award-winning basketball star held a two percent stake in the Premier League defending champions since 2011.

However, reports in the US reveal LeBron bought an undisclosed number of shares in Fenway Sports Group - the same firm that owns the baseball team Boston Red Sox.

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John Henry owns a lion's share of the company while Tom Werner is the second-largest shareholder as reported by SunSport.

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The publication reports that the duo gave the green light for a new £540m investment from RedBird Capital, who became the third-largest shareholder in Fenway Sports Group.

FSG has been the owner of the Merseyside club since 2010 after completing a takeover from Tom Hicks and George Gillett.

The group was also responsible for the rehabilitation of Anfield as well as build a new training complex, including the success of Jurgen Klopp and his Red armies on the pitch.

James won his fourth NBA title last year with Los Angeles Lakers having previously won two with Miami Heat and one at Cleveland Cavaliers. 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.

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"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."

Legit.ng earlier reported that Liverpool and Arsenal's poor form in the Premier League could affect their chances of playing in Europe next season, according to the supercomputer.

The Reds have lost six of their last seven Premier League games while Arsenal have only won two of their last seven matches.

Both teams are currently struggling in the Engish topflight division at the moment and their progress in the remaining games is not guaranteed.

Oluwatomiwa is a sports editor with Legit.ng. He has over eight years of field and office experience in the media industry. He graduated from the Nigerian Institute of Journalism in 2014 with HND in Mass Communication. Connect with him on Twitter @TomiwaBabalola.