Liverpool's economy breathes: investment of 625 million

RedBird Capital Partners, owned by Lebron James, invests in the team. The Lakers player has always shown sympathy for Liverpool.

Liverpool's-economy-breathes:-investment-of-625-million

Fenway Sports Group, the owners of Liverpool and the Boston Red Sox, have confirmed the investment of some 625 million euros by RedBird Capital Partners, owned by Lebron James, which has become one of the shareholders of the baseball club as part of the agreement. In addition, the current Los Angeles Lakers player has always shown his affinity for the Liverpool team.As has been published, the investment will allow continuity and stability to the club in a year where the coronavirus pandemic has hit finances. According to calculations in Anfield, the estimated loss has been 130 million euros, an amount that the owners have assumed. A portion of Red Bird's investment will be used to reduce debt incurred in the last 12 months.

At the same time, the investment money will allow the club to carry out the redevelopment of the Anfield Road bleacher. The plan is to expand the capacity of the stadium to 61,000 spectators and the cost will be about 65 million euros. The money coming in by the club will allow Liverpool to go to the transfer market with its normal strategy and practices. Although it will not provide a huge amount of millions for the summer market, it will make it easier for the 'reds' to operate normally despite the losses during the pandemic.

Photos from as.com

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