Liverpool owners FSG approve £540m investment as LeBron James takes on greater role

Liverpool owners FSG are pushing ahead with ambitious expansion plans after approving a £540million ($750m) private investment deal with RedBird Capital Partners

A deal that will also see NBA icon LeBron James become a new FSG partner.

The NBA superstar has held shares in Liverpool since 2011.

But now one of the world’s richest and most influential athletes is set to take on a more prominent role with Fenway Sports Group.

James and his business partner, Maverick Carter, will become the first black partners in FSG history, as first reported by the Boston Globe .

James, who boasts over 80million Instagram followers, will become a part-owner of the Red Sox as well as other FSG subsidiaries and adds another layer of potential to further aggressive growth being plotted by the company.

James took a two percent share in Liverpool in 2011, which was then worth £4.7million. According to KPMG’s recent evaluation of the club, it is now worth over £37million.