Liverpool owners, Fenway Sports Group have confirmed RedBird Capital Partners has invested into the club making Basketball star LeBron James become a part of the Premier League club's ownership group.
FSG, which also owns MLB franchise Boston Red Sox, is now valued at at $7.35 billion (£5.32 billion) as part of the deal.
The investment brought by RedBird is £543 billion ($749bn) – almost 10 per cent of FSG's value.
“Over the years, Fenway Sports Group has been able to attract a
dedicated group of executives and partnerships seeking to compete for
titles in the most challenging and rewarding landscapes," read a
statement from FSG Principal Owner John W. Henry, Chairman Tom Werner
and President Mike Gordon.
"Our strategic partnership with Gerry and the entire team at RedBird
will enhance our ability to pursue future growth opportunities in a more
accelerated way but with the same selectiveness that has served us so
well.
“We are also pleased to welcome to our ownership group LeBron, Maverick
[Carter] and Paul [Wachter], 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 longtime friendship and
relationship that began in 2010.
“To our fans and supporters: Winning continues to be the driving force
for all of us. The growth of FSG as an organization 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.”
The new investment, sources say, will allow the club to absorb the
financial pressures of the coronavirus pandemic as the Premier League
champions will lose more than £120m ($165m) in revenue due to Covid-19.
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