liverpool Owners Speak Out Amid Sale Reports
The owner of Premier League football club Liverpool FC, Fenway Sports Group (FSG), has released a statement saying it will ‘consider new shareholders’ amid reports the club is for sale.
The Athletic reported on Monday 7Th November that FSG, which has owned Liverpool since 2010, is actively looking to sell the club and that ‘a full sales presentation has been produced for interested parties.’
Following the reports, FSG released a statement that read, ‘There have been a number of recent changes of ownership and rumours of changes in ownership at Premier League clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.
FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool.
FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.’
Goldman Sachs and Morgan Stanley have reportedly been retained by FSG to assist with a possible sale process.
FSG, which was founded by American business John W.Henry, the principal owner of Liverpool FC, bought the club from George Gillett Jr. and Tom Hicks over a decade ago. During FSG’s ownership Anfield has been transformed, with a new £110million Main Stand, while the Anfield Road Stand is being redeveloped. The club has also moved from its Melwood training complex to a new £50m facility in Kirkby.
Despite huge success on the pitch, with a Champions League title and a Premier League trophy in the last five years, FSG’s ownership still faced criticism from Reds fans.
Liverpool was one of six Premier League sides to commit to the failed European Super League which sparked supporter outrage last year, and its attempt to trademark the name Liverpool also caused controversy.
The value of the club is currently unclear, but Todd Boehly’s recent £2.5billion purchase of Chelsea provides a benchmark.
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