posted on: October 19, 2020
won the Premier League on Thursday. I know the capital cities of no fewer than 45 African countries by heart. In 2011 while with the Miami Heat, James invested $6.5 million for a 2-percent stake in English Premier League side Liverpool.
How Luka compares to LeBron, Magic and Bird, Nets' throwback uniforms pay homage to a '90s New Jersey classic, These Lakers made it through every moment that could have broken them, The scenes of a Lakers title celebration like no other, ESPN.com's sports business reporter since 2012; previously at ESPN from 2000-06, Appears on SportsCenter, ESPN Radio, ESPN.com and with ABC News. But as Liverpool franchise worked its way up to becoming one of the best teams in the European League, LeBron’s stake skyrocketed in value. James' business partner Maverick Carter would not confirm James' valuations on any of the basketball star's businesses but was willing to address the Liverpool investment. The Herald News - Nigerian Newspaper delivering reports on Politics, Government, Entertainment, Sports and more. Sources said James received a 2 percent stake in Liverpool in April 2011, when his marketing firm, LRMR, agreed to a joint venture with Fenway Sports Partners. The investment value is expected to further increase as the Anfield side have only just won the Premier League title, the nineteenth in their 128-year history.
Last June, Forbes said Liverpool was the eighth-most-valuable soccer team in the world at a value of $1.49 billion.
With an estimated net worth of $450 million, Lebron James is one of the richest athletes on the planet. Learn how your comment data is processed.
As of May 2019, Forbes estimated Liverpool's value to be $2.13 billion, meaning James' stake would now be worth roughly $43.6 million.
LeBron James' investment in Liverpool F.C. In international competitions, the club has won six European Cups, more than any other English club, three. Liverpool has also benefited from a broader rise in the value of the English Premier League, which signed a massive TV deal in 2015. The Liverpool owners at the time, Tom Hicks and George Gillett, were looking to get $954 million for the highly levered club. investment has grown to about $44 million, or by 670 percent.
Now, that value has grown tremendously. In 2011, LeBron James received a 2% stake in the historic club. "It has been a thrill to watch such a storied club make their way back to the top again and to be a part of it all. Get Latest News Delivered to your Box ASAP, Ansu Fati, Ferran, Torres Lead Spain Squad Full Of Fresh Faces. seven FA Cups, a record eight League Cups and 15 FA Community Shields.
James' business partner Maverick Carter told ESPN in 2018: "It has been a thrill to watch such a storied club make their way back to the top again and to be a part of it all. Fenway Sports Partners is owned by Boston Red Sox owner John Henry and chairman Tom Werner, who bought Liverpool for a bargain $477 million in October 2010. "It has been an honor for us to be in on this deal with Fenway Sports Partners' John Henry and Tom Werner," Carter said.
James, who celebrated the victory on Twitter, received a 2% stake in Liverpool in 2011. In international competitions, the club has won six European Cups, more than any other English club, three UEFA Cups, four UEFA Super Cups (also English records) and one FIFA Club World Cup. But the trip to the UEFA Champions League final will guarantee an award of more than $100 million to Liverpool. Visit Business Insider's homepage for more stories, Amazon will rename a Seattle sports stadium 'Climate Pledge Arena' after buying the naming rights, The Knicks are a hiring a mysterious NBA power broker who was once described as 'the most powerful man in sports', A 15-year-old midfielder dubbed the 'Mexican Messi' has become the youngest player to ever play in Spain's La Liga, NBA POWER RANKINGS: Where the 22 teams heading into the Disney World bubble stand when the season resumes.
In 2011, LeBron James made a $6.5 million investment in Liverpool FC of the English Premier League, a chunk of change that earned him a two percent stake in the club. Los Angeles Lakers forward, LeBron James is not only one of the greatest players in NBA history but is turning out to be a shrewd businessman too.
LeBron likes the fact that he's diversified in another global sport.". Liverpool is arguably the most successful football club in England. Sources said James received a 2 percent stake in Liverpool in April 2011, when his marketing firm, LRMR, agreed to a joint venture with Fenway Sports Partners.
Sources said James' 2 percent stake, which he still retains, was given to him in lieu of roughly $6.5 million. As of 2019, the valuation of the club stood at $2.13 billion, meaning that James’s investment has grown to about $44 million, or by 670 percent. A $1 million investment James and his team put into fast-casual pizza chain Blaze Pizza has turned into at least $25 million on paper and more likely closer to $45 million, according to sources with knowledge of his deal. Darren Rovell reported for ESPN in 2018 that James' stake was initially worth about $6.5 million.
The team takes on Cristiano Ronaldo and two-time defending champions Real Madrid on May 26 in Kiev, Ukraine. This isn't the first investment that has turned out well for James. In 2014, he made more than $30 million when Beats by Dre sold to Apple. continues to pay off. Show full articles without "Continue Reading" button for {0} hours. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. AP Photo/Michael Conroy.
Liverpool is majority-owned by Fenway Sports Group, an American sports company that also owns Major League Baseball team, Boston Red Sox. LeBron James received an ownership stake in Liverpool F.C.
LeBron James' involvement with Liverpool began in 2011 and it grew out of his dealings with Fenway Sports Group (FSG).
Last June, Forbes said Liverpool … With $37 million in annual wages, the 35-year-old can relax and enjoy the good life, but he is deftly investing these earnings to produce a highly-diversified income portfolio. One sports investment banker told ESPN that given the team's rise to prominence, combined with its history, which includes the second-most titles in English soccer (18), the team could be sold today conservatively for $1.6 billion. In 2011 while with the Miami Heat, James invested $6.5 million for a 2-percent stake in English Premier League side Liverpool. Matthew Kirwin, Sports Africa Network for ESPN, Investor LeBron scores big off Liverpool's CL run, The people with all the power in NBA free agency, Morey in farewell ad: 'Harden changed my life', Famed Minnesota columnist Hartman dies at 100, Saints, Pels owner Benson victim of car thieves, Sources: Lue agrees to 5-year deal to coach Clips, Sources: NBA, union extend negotiations on CBA, Likely NBA top pick LaMelo Ball signs with Puma, NBA Power Rankings, way-too-early edition: What's next for Lakers, Heat and all 30 teams, Everything you need to know about the NBA GOAT debate, From Olajuwon to Embiid: How Africa's relationship with American hoops has evolved, Lowe: How Daryl Morey challenged NBA norms and almost won it all. LeBron James' investment in Liverpool is worth nearly five times as much as when he received the 2 percent stake seven years ago. That means James' investment has grown nearly five times ($6.5 million to $32 million) in seven years. in 2011. I've read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. Like us on Facebook to see similar stories, As Chicago proposes making Pilsen the city's largest landmark district, residents fear more displacement, Robot cooks and virtual kitchens: How the restaurant industry looks to technology for help. Liverpool F.C.
Brandon Wiggins contributed to this report. I'm an expert Scrabble and draughts player who is also excellent at swimming. Liverpool's rise in value coincides with a return to prominence on the pitch for the club. LeBron James Investment In Liverpool Reportedly Grows By 670%. In addition to their 19 league titles, domestically the club has seven FA Cups, a record eight League Cups and 15 FA Community Shields. By … Connect with friends faster than ever with the new Facebook app. Liverpool won its Premier League title on Thursday, thanks to an upset victory by Chelsea over Manchester City, ensuring no other club could catch Liverpool in points this season. FAQ: When and how will the 2020-21 NBA season begin? LeBron James' $6.5 million investment in Liverpool FC is paying off big time. UEFA Cups, four UEFA Super Cups (also English records) and one FIFA Club World Cup.
In 2011, LeBron James received a 2% stake in the historic club.
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