NBA superstar LeBron James has increased his ownership stake in English Premiership club, Liverpool, via a deal confirmed on Wednesday that makes him a partner in Fenway Sports Group.
FSG announced that James and longtime business associates Maverick Carter and Paul Wachter had become partners in the Boston-based global sports, entertainment and real estate platform, along with RedBird Capital.
James, 36, previously held a 2% stake in Liverpool, but now will have a bigger share in the Premier League team as well as a stake in Major League Baseball’s Boston Red Sox, a sports management firm, a regional sports cable network and Roush Fenway Racing of the popular NASCAR stock car racing series.
FSG took control of Liverpool in 2010.
The investment and accompanying transactions value the group at $7.35 billion (6.26 billion euros), and the Boston Globe reported that it is a $750 million (639 million euros)investment.
The new investment is expected to allow Liverpool to recover from the financial pressures of the coronavirus pandemic and help Anfield expansion plans go ahead.
The club has proposed a new Anfield Road stand that would increase the ground’s capacity to about 61,000.
In a joint statement, FSG principal owner John W. Henry, chairman Tom Werner and president Mike Gordon said they were “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.
“To our fans and supporters: Winning continues to be the driving force for all of us,” Henry and his colleagues said.
“The growth of FSG as an organisation allows us to further strengthen our resources and commitment to the communities we serve, and we look forward to having these talented new partners join us in the next chapter of FSG’s evolution.”


![Odiong: US-based Nigerian Catholic priest convicted over sexual assault Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-300x200.jpg)






