How Liverpool FC’s millionaire owner Lebron James will profit massively from the billion-dollar UEFA Champions League final
LeBron James is one of the highest paid athletes in the world. James has earned over $387 million so far, playing for a total of 3 teams in his 19-year career. Not only that, but his endorsements also add to his earnings. Being wealthy, James invested in other sports.
LeBron owns a small stake in Liverpool FC, which he bought in 2011. Digging into big football clubs was indeed a smart move by LeBron. With the UEFA Champions League kicking off soon, the league presented a fortune in prize money.
Liverpool’s performance will line LeBron James’ pockets
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The UEFA Champions League will bring in around $2.4 billion in prize money. The winner should collect around 85 million euros at the end of the tournament. The structure of the prize distribution is friendly for all teams, as each will receive a certain amount at the end. As teams move up the rounds, the prize money to advance to the next round increases.
The UEFA Champions League offers the most prizes of any sporting event in the world:
$2.4 billion+ 💰
Today, Liverpool and Real Madrid – both already over $89 million in earnings – are playing for the title. pic.twitter.com/N4ppnMmswM
– Front Office Sports (@FOS) May 28, 2022
LeBron James owns about a 2% stake in Liverpool, and if the team plays well, James will come back with a certain amount. James already has a big Laker contract, which will net him around $41.8 million by the end of the 2021-22 season. The winning prize for champions is 20 million euros, adding the qualifying price. The winners will end up with 85 million euros, which translates to $91 million.
Not only that, but more revenue from the team itself could lead to LeBron owning a bigger percentage of Liverpool FC. Besides sports, James has invested in many businesses and real estate. Although his investment in the European sports market was a smart move and will certainly pay off in the long run.
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DIVE DEEPER
Meanwhile, things aren’t going so well for James in the league. LeBron and company couldn’t make the playoffs this season. After high expectations from the team at the start of the season, James and his veteran teammates couldn’t keep up.
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It will be interesting to see if James can make the same moves he did internationally, in the league.