{"id":290355,"date":"2023-09-28T13:34:47","date_gmt":"2023-09-28T13:34:47","guid":{"rendered":"https:\/\/sportstoft.com\/?p=290355"},"modified":"2023-09-28T13:34:47","modified_gmt":"2023-09-28T13:34:47","slug":"liverpools-owners-fsg-sell-minority-stake-to-american-firm","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/liverpools-owners-fsg-sell-minority-stake-to-american-firm\/","title":{"rendered":"Liverpool's owners FSG sell minority stake to American firm"},"content":{"rendered":"
Liverpool’s owners Fenway Sports Group have realised their long-held ambition of selling a minority stake in the club to American investors Dynasty Equity.<\/p>\n
There has been much speculation for the past 12 months about what FSG\u2019s intentions for Liverpool were following a story that they were considering a full sale of the club they bought for \u00a3300million in October 2010.<\/p>\n
FSG insisted they had no intention of selling lock, stock and barrel.\u00a0<\/p>\n
John W Henry, FSG\u2019s principle owner, said in February: \u2018Will we be in England forever? No. Are we selling LFC? No.\u00a0<\/p>\n
‘Are talking with investors about LFC? Yes. Will something happen there? I believe so, but it won’t be a sale.\u2019<\/p>\n
<\/p>\n
Liverpool’s owners Fenway Sports Group have realised their long-held ambition of selling a minority stake in the club to American investors Dynasty Equity<\/p>\n
<\/p>\n
FSG\u2019s principle owner John Henry said in February the consortium wasn’t planning to put the club up for sale in the foreseeable future\u00a0<\/p>\n
Your browser does not support iframes.<\/p>\n
True to Henry\u2019s word, the wish to bring in an outside party to help strength Liverpool\u2019s financial position was always there and now the search is over after they struck a deal with Dynasty, a New York-based firm.\u00a0<\/p>\n
It is understood the stake Equity have taken in Liverpool is estimated to be worth in the region of \u00a380-\u00a3160million and does not give Dynasty \u2013 who were founded by Jonathon Nelson and K Don Cornwell \u2013 any say in the day-to-day running of the club.<\/p>\n
This is not, either, an investment that will suddenly give Liverpool the chance to spend lavishly in the transfer market: the deal has been struck to pay down debts that have accumulated since the pandemic, such as building a new training facility in Kirkby, work on renovating Anfield and covering the last window, in which Liverpool spent heavily on four new players.<\/p>\n
What is significant about the money Equity have put in for a minor stake is what it means in terms of Liverpool\u2019s actual value \u2013 from \u00a3300million 13 years ago, a conservative figure would be that they are worth more than \u00a34billion.<\/p>\n
\u2018Our long-term commitment to Liverpool remains as strong as ever,\u2019 said FSG President Mike Gordon.\u00a0<\/p>\n
\u2018We have always said if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club\u2019s long-term financial resiliency and growth.<\/p>\n
\u2018We look forward to building upon the longstanding relationship with Dynasty to further strengthen the club\u2019s financial position and sustain our ambitions for continued success on and off the pitch.\u2019<\/p>\n
Dynasty Executive Chairman Nelson added: \u2018We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams.\u2019<\/p>\n
<\/p>\n
The investment will not suddenly give Liverpool and Jurgen Klopp the chance to spend lavishly in the transfer market<\/p>\n
It’s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n Your browser does not support iframes.<\/p>\n Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Liverpool’s owners FSG sell minority stake to American firm Dynasty Equity after lengthy search for new investment… but deal – which values the Reds at […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":290354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"\n