Liverpool owners Fenway Sports Group have sold a 10% stake in the Premier League club so private investment firm Redbird Capital Partners.
According to reports, the Premier League champions have received a cash injection of around £533 million.
The private investment firm is part-owned by NBA superstar LeBron James.
The Premier League club has had to go through a financial difficulty this year because of the Coronavirus crisis and reports claim that Liverpool have posted a loss of around £120 million in revenue over the past year.
The figure could increase if the fans do not return to stadiums in the near future and the investment from Redbird will help the club offset their Coronavirus losses and compete at the highest level next season.
As part reports, the money will be used to add continuity and stability to the club and it will also help Jurgen Klopp sign quality players in the summer.
Some of the money will also be used for the stadium expansion.
The agreement with Redbird has come at a great time for Liverpool as the Reds were in desperate need of some financial injection.
Liverpool could miss out on Champions League football next season and that will be a major financial blow for them. The money from the Redbird acquisition will certainly be a huge help in the transfer market and it will be interesting to see if Jurgen Klopp can strengthen his squad sufficiently and challenge the likes of Manchester City once again next season.
