LeBron James is set to invest in Serie A champions AC Milan in a joint fund with the New York Yankees, with the basketball legend making a similar move for Liverpool back in 2011.
According to the Financial Times, the four-time NBA MVP will be part of a group headed by the Yankees to invest in Milan, with the baseball giants also shareholders in reigning Premier League champions Manchester City and MLS side New York City FC.
Milan were bought this summer by RedBird, whose owner and founder Gerry Cardinale, had worked with the Yankees for quite some time, with James joining the new investment group with the hope of finding similar success to what the American sporting legend has achieved with Liverpool.
LeBron James will hope for Liverpool repeat with AC Milan
The 37-year-old basketballer became a minority shareholder for Liverpool 11 years ago, with James investing a reported £5m to own 2% of the Premier League giants, a stake which is now believed to be worth close to £100m, making James one of the richest athletes in the world and only the second basketball player to have a net worth of over $1bn.
With Liverpool beating Milan twice in the UEFA Champions League group stage last season and the two sides meeting each other in some famous encounters throughout the years, James has picked an interesting next club to invest in following his incredible success with the Reds.
Indeed, with Milan under new owners and off the back of their first Serie A title win in over a decade, it makes sense why the Yankees and James have now decided to invest in the Italian giants, and given the direction the club are going in as well as the growth of the division abroad, the LA Lakers superstar could yet again be making a great business decision.
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