Liverpool handed massive potential boost as owners approve £540m investment – originally posted on Sportslens.com
According to Boston Globe, Liverpool owners Fenway Sports Group have added basketball superstar LeBron James as one of their partners and approved a £540 million private investment that would make RedBird Capital Partners their third-largest partner.
James has held a 2 percent share of Liverpool since 2011, but he has now become part of FSG, owning an undisclosed amount of their shares.
The newly-formed partnership will help provide the financial muscle that would boost FSG’s efforts to acquire more teams, with another European football club, NFL and NBA franchises, NHL, MLS, WNBA, and NWSL teams, sports betting, esports, and data analytics companies on their wish list.
It remains to be seen how FSG’s latest moves would benefit Liverpool, but it could help improve the financial resources available to the club going forward.
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The Anfield giants have not been able to compete strongly in the transfer windows of recent owing to the untold financial hardship that the coronavirus pandemic has plunged clubs into.
Liverpool spent around £77 million on the acquisitions of Kostas Tsimikas, Thiago Alcantara and Diogo Jota last summer before spending £2 million on Ben Davies in January and signing Ozan Kabak on loan till the end of the season.
Failure to splash the cash like some of their counterparts at the top of the Premier League table has dealt a huge blow on their title defence, and a top-four finish is the best Jurgen Klopp’s men can hope for.
Liverpool are in the quarter-finals of the Champions League, but they are not one of the favourites to win the competition and fans would not be surprised if they fail to reach the semi-finals.
Klopp would be hoping to land quality acquisitions this summer in order to mount a strong title challenge next term, but that would depend on FSG, and it would be interesting to see whether the latest mouth-watering investment can help boost the club’s transfer coffers.
In other news, who will finish in the Premier League top-four this season.