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Liverpool's owner to receive a "significant investment" from RedBird Capital Partners

The move will also see NBA star LeBron James become part of FSG's ownership group

LeBron James #23 of the Los Angeles Lakers dunks against the Portland Trail Blazers

Liverpool's owner Fenway Sports Group has agreed to receive a "significant investment" from RedBird Capital Partners in a move which will also see NBA star LeBron James and his business partners Maverick Carter and Paul Wachter become part of FSG's ownership group.

Liverpool are understood to be hopeful the new deal will bring some much-needed financial stability after the Premier League champions suffered an estimated £120m loss in revenues during the coronavirus pandemic.

The new investment, which is believed to be a 10% minority holding, will ease the burden on FSG, and it is expected that it will remove the risk of Liverpool's plans to redevelop the Anfield Road Stand.

It is also set to allow for funding to sign new players in the summer transfer window and beyond.
along with RedBird.

FSG's principal owner John W Henry, chairman Tom Werner and president Mike Gordon said in a statement: "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.

"We are also pleased to welcome to our ownership group LeBron, Maverick and Paul, with whom we have enjoyed a successful collaboration for well over a decade.

"Their addition is an important milestone for FSG and expands and deepens a long-time friendship and relationship that began in 2010.