NBA icon LeBron James made an exceptional profit from his minority state in Liverpool FC amid news the Fenway Sports Group are exploring the potential sale of the club.
James already owns stakes in sports franchises around the world, serving as a minority owner of the Boston Red Sox and Liverpool through his partnership with FSG. The Los Angeles Lakers forward bought 2% of Liverpool with his business partner Maverick Carter for $6.5million (£4.7m) in April 2011 - and it proved to be a particularly lucrative venture.
In March 2022, James, Carter and Paul Wachter exchanged their stakes in Liverpool for part-ownership of FSG. The actual amount is undisclosed, but James is estimated to own around 1% of the group which owns the Red Sox, Fenway Park stadium, Liverpool and NHL franchise Pittsburgh Penguins, as well as half of Roush Fenway Racing and 80% of the New England Sports Network.
