LeBron James has become a minor partner in Fenway Sports Group (FSG), the owners of Liverpool FC.
FSG announced on Tuesday the basketball legend has invested in the group, which also owns the Boston Red Sox.
James has been a part-owner of Liverpool FC since 2011 and has a 2% stake in the club, which he bought for £4.7m.
He and his business partner Maverick Carter are now taking a more active role in global sports ownership.
The pair become the first black partners at FSG after expanding their investment in the global sports group, which is valued at more than $6bn (£4.3bn), according to Forbes business magazine.
FSG is pushing ahead with ambitious expansion plans and this week also approved a $750m private investment deal with RedBird Capital Partners.
Reports suggest FSG may use the capital to buy other sports franchises as well as strengthening Liverpool FC and the Boston Red Sox baseball franchise.
James’s 2% stake in Liverpool FC is now worth more than £37m, according to a recent evaluation of the club by accountancy firm KPMG.