Fenway Sports Group (FSG), owners of Premier League side, Liverpool announced on Tuesday that Basketball legend, LeBron James has invested in the group and has now become a minor partner in the club, as per ESPN.
James has been a part-owner of Liverpool since 2011 after buying a 2 percent stake of the club which he bought for £4.7million and that his stake is now worth more than £37m, according to a recent evaluation of the club by accountancy firm KPMG.
James along with his business partner Maverick Carter will become the first black partners at FSG after expanding their investment in the global sports group, which is valued at more than $6bn (£4.3bn), according to Forbes business magazine.
In addition to Liverpool, the 36-year-old after joining FSG will also have an ownership stake in their other subsidiaries that include the Boston Red Sox, Roush Fenway Racing and the regional sports network NESN.
James, who was named an NBA All-Star for the 17th time this season, has in the past spoken of owning an NBA team one day, though League rules forbid this for active players. The superstar is currently worth $450m according to Forbes' estimates, and along with his mega-salary as a basketball player and lucrative sponsorship deals, he has his own production and media companies.