LeBron James Joins Liverpool Owners FSG As Partner

FSG – LeBron James has joined Fenway Sports Group as a partner, the Boston Globe reported, with the NBA star increasing his stake in Liverpool as a result.

The 36-year-old Los Angeles Lakers forward purchased an undisclosed number of shares in FSG, which has also approved a $750m private investment from RedBird Capital Partners, the Globe reported, citing a source with knowledge of the deal.

Fenway Sports Group did not respond when approached for comment by Reuters.

James has had a relationship with Fenway Sports Group since 2011, when he signed a marketing deal in exchange for a small ownership – two per cent – stake in Liverpool.

Principal owner John Henry will remain in control of FSG, while chairman Tom Werner stays as the second-largest shareholder. RedBird Capital Partners now owns the third-largest share with President Michael Gordon fourth.

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