LeBron James is going from the basketball court to the fields of soccer? It may sound unlikely, but it is a love affair with sports and sound business savvy that has made this partnership come true. The ever-increasing popularity of Soccer in the U.S. must’ve gotten LeBron’s attention. So, he took an opportunity to go head and throw his dollars on the table for what seems to be a sound investment.
Well known hedge fund manager John Henry and veteran Hollywood producer Tom Werner went in on the deal with LeBron and now he is a minority owner of the Liverpool Football Club. The team is one of the best in soccer. Boston based Fenway Sports Group (FSG) purchased the team for a mere $488 million.
The Wall Street Journal wrote:
“The deal marks the first time that a professional athlete at the top of his game has taken an ownership interest in a team with the size and reach of Liverpool, which is one of the most popular and powerful sports teams in the world.”
Read more on the deal here.