FSG ‘fully committed’ to Liverpool but ‘would consider’ new investment

  • American-based owner has enlisted two investment banks
  • FSG is not understood to have any plans to sell majority stake

Liverpool’s owner, Fenway Sports Group, has appointed two major investment banks to attract fresh investment and establish how much potential buyers would pay for the club. FSG has enlisted Goldman Sachs and Morgan Stanley in a sales presentation for Liverpool which raises the possibility of its 12-year tenure at Anfield coming to an end.

The Boston-based company, however, is understood to have no immediate plans to sell a majority stake in Liverpool and considers the move an exploratory step at this stage.

FSG has been open to outside investment for several years and has confirmed it would sell a stake “if it was in the best interests of Liverpool as a club”. Liverpool’s owner wishes to test the market after the recent sale of Chelsea for £4.3bn to a consortium led by the American billionaire Todd Boehly. Goldman Sachs and Morgan Stanley will head the process of sounding out potential investors and putting a value on the Premier League club. It remains to be seen where the search will lead.

In a statement released on Monday, FSG confirmed: “There have been a number of recent changes of ownership and rumours of changes in ownership at EPL 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. FSG remains fully committed to the success of Liverpool, both on and off the pitch.”

Since buying Liverpool for £300m in 2010 the ownership has overseen success on the pitch under Jürgen Klopp, the redevelopment of two stands at Anfield stadium and the construction of a new £50m training complex in Kirkby. A new £80m stand on Anfield Road, that will increase the stadium’s capacity to above 61,000, is due to be completed in time for the start of next season.

In March 2021 FSG sold a 10% stake in the entire company, including the Boston Red Sox baseball team and the Nascar team RFK Racing, to RedBird Capital Partners for £543m. That enabled the company to absorb the impact of the pandemic but it is seeking more investment in Liverpool to be able to compete with clubs such as Manchester City.

Klopp enjoys a close personal and working relationship with the FSG president, Mike Gordon, and signed a third contract extension at Liverpool only seven months ago, committing his future to the club until 2026. Liverpool’s chairman, Tom Werner, insisted FSG continued to see the club as a “long-term project” only in May.

FSG agreed to the creation of a supporters’ board at Liverpool following its ill-fated attempt to join a Super League, giving fans representation at board and executive level. The Spirit of Shankly supporters’ union, which is represented on the supporters’ board, has called on FSG to clarify its intentions for Liverpool and to engage them in any potential sale.

SOS said in a statement: “We have seen reports today that FSG have put Liverpool FC up for sale. Spirit of Shankly have written to LFC for clarification and will await a reply before making comment. We do, however, expect both the Supporters Board and SOS to be engaged in some part of the process so that supporters are front and centre of any sale and the first thoughts of prospective owners.”


Andy Hunter

The GuardianTramp

Related Content

Article image
Liverpool not for sale, confirms owner Fenway Sports Group
John W Henry, Liverpool’s principal owner, has confirmed the club is not for sale and that FSG is merely seeking investment

Andy Hunter

20, Feb, 2023 @6:25 PM

Article image
FSG’s steady, successful stewardship has brought Liverpool a long way
The Americans have made high-profile mistakes but an upgraded Anfield, a £50m training centre and Jürgen Klopp represent an excellent legacy

Andy Hunter

07, Nov, 2022 @9:00 PM

Article image
Liverpool accounts reveal £46m pre-tax loss and early impact of Covid crisis
Liverpool’s media revenue fell by £59m and match-day revenue by £13m in the first three months of the pandemic, the club’s latest accounts have revealed

Andy Hunter

27, Apr, 2021 @8:00 AM

Article image
Liverpool owner FSG tests water on value for a crown-jewel football brand
American owner has started a process exploring whether to sell a minority stake as experts say the club could be worth as much as $7bn

Mark Sweney

07, Nov, 2022 @7:37 PM

Article image
‘More worry than excitement’: five Liverpool fans on FSG’s plans
After the owners hired two major banks to establish how much potential buyers would pay for the club, we ask supporters who, if anyone, they would like to see take over at Anfield

Matt Ladson, Neil Atkinson, Steven Scragg, Amar Singh and Ian Salmon

08, Nov, 2022 @8:00 PM

Article image
NESV completes £300m Liverpool takeover with promise to listen
After another day of legal wrangling, Liverpool have finally been sold to New England Sports Ventures in a £300m deal

Richard Williams

15, Oct, 2010 @6:39 PM

Article image
Council ready to block new Liverpool owners' plan for Anfield redevelopment

The prospective Liverpool owners are committed to increasing capacity, at Anfield or Stanley Park, but the council wants a new stadium to help regenerate the city

Andy Hunter and David Conn

07, Oct, 2010 @11:05 PM

Article image
Liverpool off to high court as RBS obtains Tom Hicks injunction
Liverpool are preparing for a hearing at the high court into the club's proposed takeover by NESV

Owen Gibson

11, Oct, 2010 @3:42 PM

Article image
Liverpool still suffering from an identity crisis in Premier League era | David Conn
Brendan Rodgers was the latest manager to fail to re-enact Anfield’s glorious past, but FSG must recognise that the infrastructure is not yet in place to return the team to the highest level

David Conn

05, Oct, 2015 @10:21 AM

Article image
Liverpool defend rise in corporate seats in new £114m Anfield main stand
Liverpool expect to generate an extra £20m per season from the new £114m main stand at Anfield but the club defends the rise in corporate hospitality seats as a ‘fact of life’

Andy Hunter

04, Dec, 2014 @3:19 PM