Does LeBron James Own a Soccer Team?
LeBron James, the NBA superstar and one of the most recognizable athletes globally, has made significant investments in sports beyond basketball. Notably, he is a minority owner of Liverpool FC, one of the most prestigious soccer clubs in the world.
Investment in Liverpool FC
LeBron James first invested in Liverpool FC in 2011, purchasing a 2% stake for approximately $6.5 million. This investment was made in partnership with his business associate, Maverick Carter. At that time, Liverpool was undergoing a transition under new ownership by Fenway Sports Group (FSG), which also owns the Boston Red Sox.Since his initial investment, Liverpool has experienced considerable success, winning the UEFA Champions League in 2019 and securing their first Premier League title in 2020 after a 30-year drought. As a result, the value of James's stake has appreciated significantly. By 2021, his investment was estimated to be worth around $82 million, reflecting the club's increased valuation.
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Role within Fenway Sports Group
In addition to his stake in Liverpool, LeBron James has expanded his involvement with Fenway Sports Group. In 2021, he converted his ownership stake in Liverpool to a roughly 1% stake in FSG itself. This move allowed him to be part of a broader portfolio that includes various professional sports teams and ventures.Fenway Sports Group not only owns Liverpool FC but also manages other franchises such as the Boston Red Sox and the NHL’s Pittsburgh Penguins. This diversification has positioned FSG as one of the most valuable sports ownership groups globally.
Future Aspirations
LeBron James's involvement in soccer does not stop with Liverpool FC. Reports suggest that he and Fenway Sports Group are considering bids for other teams, including potential interests in acquiring an NBA team once he retires from basketball. His experience and success in sports management could play a crucial role in any future endeavors.
While LeBron James does not own a soccer team outright, his significant investment in Liverpool FC and partnership with Fenway Sports Group highlight his expanding influence in the world of sports beyond basketball. His ability to leverage his brand and business acumen continues to open new opportunities within the sports industry, making him a prominent figure not only on the basketball court but also in global sports ownership.
