March 11 According to the “Liverpool Echo” citing news from the American sports business media Sportico, James has increased
His stake in Fenway Sports Group.
Fenway Sports Group wrote in a statement: “Fenway Sports Management and LRMR Ventures (a company founded by James) have extended their long-term partnership agreement to a lifetime agreement, which will allow Fenway Sports Management to continue to exclusively assist James in his quest.
Sponsorship opportunities and expansion into global markets.
As part of the agreement, James and LRMR Ventures co-founder Maverick Carter will receive additional equity in Fenway Sports Group, the parent company of Fenway Sports Management.
In 2011, James invested US$6.5 million to obtain a 2% stake in Liverpool Football Club. In March 2021, James expanded his initial investment and converted his Liverpool shares into shares of Fenway Sports Group, accounting for about 1%.
At present, the market value of Fenway Sports Group has exceeded 10 billion US dollars.