After LeBron James, who owns 2% of the shares of Liverpool FC via Fenway Sports Group, it’s the turn of Larry Nance Jr. and TJ McConnell to invest in English football. The Pelicans winger and Pacers point guard are part of the shareholders of 49ers Enterprises, which took 100% control of Leeds United, the former club of Eric Cantona. Until now, NFL franchise owners owned 44%.
It’s unclear how high Nance and McConnell are shareholders of 49ers Enterprises, but it could turn out to be a very good investment. Admittedly, Leeds United does not have the aura of Liverpool FC, and the club has just been relegated to the Championship, but you should know that LeBron James has largely made his investment profitable. Its stake, estimated at six million dollars in 2011, is now valued at 44 million dollars!
