AS they say the rich get richer...

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Smudge3920
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AS they say the rich get richer...

Post by Smudge3920 »

Beggars belief...

Liverpool owners FSG confirm £543m investment from RedBird Capital and welcome NBA icon LeBron James to ownership group

LIVERPOOL’S owners have confirmed a £543million investment from RedBird Capital and have welcomed NBA legend LeBron James to their ownership group.
The basketball superstar, 36, has owned a two per cent stake in the Premier League champions since 2011.
Now James has upped his stake in Liverpool after becoming a partner in their American ownership group Fenway.
The company also own legendary baseball team Boston Red Sox.
John Henry remains in charge at Fenway Sports with Tom Werner the second largest shareholder.
The pair approved a new £543m investment from RedBird Capital, who became the third largest shareholders in Fenway Sports Group.
The champions are now hopeful the deal will help bring some financial stability after an estimated £120m loss in revenues since the coronavirus outbrreak.
It is also expected to help secure the redevelopment of the Anfield Road Stand, which is currently in the process of gaining planning permission, to increase capacity at the Reds’ iconic home to 61,000.
And Jurgen Klopp will also feel the benefits as it will allow funding to sign new players this summer, with RB Leipzig’s £34m-rated defender Ibrahima Konate his No.1 target.
FSG's principal owner John W Henry, chairman Tom Werner and president Mike Gordon said: “Our strategic partnership with Gerry [Cardinale – founder and managing partner of RedBird], and the entire team 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.
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