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Liverpool owners Fenway Sports Group (FSG) and NBA legend LeBron James have been handed a huge boost to their plans after news of an agreement between them emerged.
The two parties have reportedly come to an agreement that will see James become a part-owner of Liverpool Football Club. The deal will see James become the first former professional athlete to become an owner of a Premier League club.
The agreement is believed to be worth around £200 million, with James taking a two per cent share in the club. He will join the American-based ownership group, which is led by John W. Henry and Tom Werner, who are the majority stakeholders.
The move has been seen as a major coup for the club, which has enjoyed a successful few years on the pitch. Liverpool have won the Premier League title and the Champions League in recent seasons, as well as reaching the final of the UEFA Super Cup in 2019.
For James, the move represents a chance to become a part-owner of one of the world's biggest football clubs. It also marks a significant milestone in his illustrious career, which has seen him become one of the most successful and recognisable athletes of his generation.
The news has been welcomed by Liverpool fans, who have already expressed their delight at the potential new ownership structure. It is yet to be seen what influence James will have on the club, but the partnership is expected to boost the club's commercial and global appeal.
The agreement is yet to be ratified by the Premier League, but it is expected to be completed in the near future. Once the deal is complete, James will become the first former professional athlete to become a part-owner of a Premier League club. It will be an historic moment in the history of the league, and one that could have a profound effect on the future of football.