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With LeBron James among those to increase their investment in Fenway Sports Group last month, Liverpool chairman Tom Werner claims he will be a “resource for players.”
James and his business partners Maverick Carter and Paul Wachter have become part of FSG, after increasing their stake in the Boston-based ownership group.
FSG confirmed a “significant investment” at the end of last month, with RedBird Capital Partners at the forefront of a £533 million boost to Liverpool’s owners, making them the company’s third-largest shareholder.
Though James remains a less-significant shareholder, his involvement has generated the most publicity, owing to his reputation as one of the most recognisable players in the history of the NBA.
Tom Werner makes Liverpool sale claim as Gary Lineker gives Trent Alexander-Arnold verdict
Morning digest after Liverpool s 3-0 win over Arsenal, as Gary Lineker sends a message to Trent Alexander-Arnold, while Tom Werner makes FSG sale claim
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LeBron James officially becomes part owner of the Boston Red Sox
LeBron James is officially a part owner of Major League Baseball’s Boston Red Sox, according to a Wednesday announcement from Fenway Sports Group (FSG).
James, his business partner Maverick Carter and their longtime business associate, Paul Wachter, will become part of FSG’s ownership group, the sports company said in its news release.
FSG owns the Red Sox and the Liverpool Football Club in the Premier League.
“We are also pleased to welcome to our ownership group LeBron, Maverick and Paul, with whom we have enjoyed a successful collaboration for well over a decade,” FSG leadership said in their statement. “Their addition is an important milestone for FSG and expands and deepens a longtime friendship and relationship that began in 2010.”
By Reuters Staff
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March 31 (Reuters) - Private investment company RedBird Capital and Basketball star LeBron James have invested in Fenway Sports Group (FSG) in a deal that places the enterprise value of the Liverpool FC and Boston Red Sox’s parent company at $7.35 billion.
Under the deal, Los Angeles Lakers star LeBron James, businessman Maverick Carter and their longtime business partner Paul Wachter will become part of FSG’s ownership group along with RedBird, Fenway said.
James, Carter and Wachter had previously held minority stakes in Liverpool FC. The deal will see the trio exchange those for a minority ownership position in FSG.