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The NBA superstar reacted after a vehicle drove into a group of Liverpool FC fans during celebrations for the club's Premier League triumph.
A 53-year old man was arrested after the incident, which left 47 people injured, including four children; 27 were hospitalized.
Keir Starmer, the UK's Prime Minister, described the episode as "appalling" after more information about the tragic event emerged.
James’s involvement with Liverpool FC extends beyond fan support; he is also a minority owner, having secured a two percent share as part of a promotional arrangement with FSG back in 2011.
James exchanged his two percent holding in Liverpool FC for a one percent stake in the larger FSG consortium, which includes illustrious names such as the Boston Red Sox and Pittsburgh Penguins.
Harry Rashid, who was at the parade, recounted how the car missed him by just feet and described the chilling experience to the Liverpool Echo.
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Then the crowd that was a bit further back started rushing at him trying to smash the windows."
In response to the distressing incident, Liverpool FC promptly released a statement, expressing their concern: "Our thoughts are with all those who have been affected by this serious incident in our city," the club announced via social media.
The Anfield outfit continued dialogue with law enforcement officers, releasing a further notice: "We are in direct contact with Merseyside Police regarding the incident on Water Street which happened towards the end of the trophy parade earlier this evening
Our thoughts and prayers are with those who have been affected by this serious incident