By Ann Brown
Seems basketball superstar LeBron James is a soccer fan–at least when it comes to money-making investments.
Back in 2011 James received a 2 percent stake in the Liverpool Football Club, a top tier English soccer team, when James’ marketing firm agreed to a joint venture with Fenway Sports Partners whose owners, Boston Red Sox John Henry and Red Sox chairman Tom Wener, bought Liverpool in October 2010 for $477 million. James was given the stake in lieu of $6.5 million. That 2 percent stake is now worth about $32 million, Bloomberg reported. This equals to about five times as large.
“The club has risen tremendously in value since then, to $1.49 billion in Forbes’ most recent valuations last June, Sports Illustrated reported.
Liverpool competes in the Premier League and has won 5 European Cups, 3 UEFA Cups, 3 UEFA Super Cups,18 League titles, 7 FA Cups, 8 League Cups, and 15 FA Community Shields. The club was founded in 1892, and was the ninth highest-earning football club in the world in 2016–17. It is also the world’s eighth Click here to read entire article