Working closely with Fenway Sports Group, Los Angeles Lakers superstar LeBron James achieved an incredible profit when he invested in Liverpool FC back in 2011.

 

In light of rumors that the Fenway Sports Group is considering selling Liverpool FC, NBA legend LeBron James generated a remarkable profit from his minority stake in the team.

Thanks to his collaboration with FSG, James already has ownership stakes in several sports teams across the globe. He is a minority owner of the Boston Red Sox and Liverpool. In April 2011, the Los Angeles Lakers forward and his business partner Maverick Carter paid $6.5 million (£4.7 million) for 2% of Liverpool, which turned out to be an especially profitable endeavor.

James, Carter, and Paul Wachter traded their Liverpool shares for a portion of FSG in March 2022. James is thought to possess roughly 1% of the company that owns the Red Sox, Fenway Park stadium, Liverpool, the NHL team Pittsburgh Penguins, half of Roush Fenway Racing, and 80% of the New England Sports Network. The precise amount is unknown.

 

Based on numbers for the 2019–20 season, Forbes values Liverpool at $4.1 billion (£3.56 billion) and estimates that it brings in $619 million (£539 million) annually. James now has a stake in the six-time European champions valued at approximately $44 million (£38.3 million).

“Working with Fenway Sports Group for the past ten years has taught LeBron and me so much about the business on a global scale, and we’ve always believed it would lead to something bigger,” Carter said after trading both his and James’ stake in the team for ownership in FSG.

Based on numbers for the 2019–20 season, Forbes values Liverpool at $4.1 billion (£3.56 billion) and estimates that it brings in $619 million (£539 million) annually. James now has a stake in the six-time European champions valued at approximately $44 million (£38.3 million).

“Working with Fenway Sports Group for the past ten years has taught LeBron and me so much about the business on a global scale, and we’ve always believed it would lead to something bigger,” Carter said after trading both his and James’ stake in the team for ownership in FSG.

 

“We are proud to be part of this iconic ownership group and are excited about the opportunities that come with that to continue creating change and empowering people of every race, gender and background to be part of the process.”

The Liverpool Reds have had amazing on-field success since James became a shareholder in the team. Prior to earning their first-ever Premier League title the following season, Jurgen Klopp’s team won the Champions League in 2019.

Their revenue, operational income, and market value have all significantly increased as a result of their extraordinary success. In the Champions League Round of 16, Liverpool drew with Real Madrid, the reigning European champions.

The three-time NBA MVP James just added a Major League Pickleball team to his collection of sporting endeavors, joining the likes of NFL legend Tom Brady and former Cleveland Cavaliers teammate Kevin Love in a consortium that also includes Golden State Warriors player Draymond Green.