• Loading stock data...
Wednesday, November 13, 2024

Devils, 76ers Owner Considers Liverpool Bid Options

  • Liverpool is valued at $4.45 billion, per Forbes — the fourth-most-valuable club in soccer.
  • The club has hired Goldman Sachs and Morgan Stanley to facilitate a potential sale.
Liverpool striker Roberto Firmino celebrates in front of fans after scoring a goal
Liverpool FC

The owner of the Philadelphia 76ers and New Jersey Devils may look to add an iconic soccer club to its portfolio.

Harris Blitzer Sports & Entertainment is mulling its options on a potential bid for Liverpool FC, one of the Premier League’s most storied clubs. Earlier this month, Fenway Sports Group — which also owns the Boston Red Sox and Pittsburgh Penguins — put Liverpool up for sale

  • Liverpool is valued at $4.45 billion, per Forbes — the fourth-most-valuable club in soccer.
  • The club has hired Goldman Sachs and Morgan Stanley to facilitate a potential sale.
  • It would “only occur if the valuation is met by an individual or group who FSG find agreeable.”
  • No deal between HBSE and FSG is imminent. 

HBSE and its co-founder Dave Blitzer have made previous investments in soccer.

In 2015, HBSE acquired a minority stake — roughly 18% — in fellow Premier League club Crystal Palace FC. The company would be required to divest the stake to complete a sale for Liverpool. 

In January, Blitzer agreed to buy a controlling stake in MLS club Real Salt Lake in a deal that includes MLS NEXT Pro’s Real Monarchs and America First Field.

Stiff Competition 

FSG, which purchased Liverpool in 2010 for $353.4 million, is expected to attract some of the world’s richest sports team owners.

Mukesh Ambani, the owner of the Indian Premier League’s Mumbai Indians, has expressed interest in the club, but could be bidding against Los Angeles Clippers owner Steve Ballmer.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NBA Cup Courts Receive Mixed Reviews in Year 2 Debut

All 30 teams have special courts for the tournament games.

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.

NFL TV Ratings Up Big on Major Networks, but There’s a Caveat

This NFL season has been marked by new media trends.

NBA’s Declining Viewership Gets Steph Curry Bump

Last Wednesday’s Warriors-Celtics game averaged 2.14 million viewers.
podcast thumbnail mobile
Front Office Sports Today

Is Jerry Jones Holding the Cowboys Back?

0:00

Featured Today

Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.
November 8, 2024

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.

Why Liberty Media Spun Off Assets, Shook Up Leadership

Longtime CEO Greg Maffei is stepping down at the end of the year.
Jul 7, 2021; Tampa, Florida, USA; Tampa Bay Lightning owner Jeff Vinik hoists the Stanley Cup after the Lightning defeated the Montreal Canadiens 1-0 in game five to win the 2021 Stanley Cup Final at Amalie Arena.
October 25, 2024

Lightning Sell at $1.8B Valuation, Nearly Double Prior NHL Record

The Lightning unveiled a multistep and multiyear sale process.
Oct 27, 2024; Seattle, Washington, USA; Buffalo Bills quarterback Josh Allen (17) passes against the Seattle Seahawks during the second quarter at Lumen Field.
October 30, 2024

Buffalo Bills in Talks to Sell Stake to PE Firm Arctos: Report

Arctos already has a slice of Paris Saint-Germain and the PGA Tour, among other assets.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
May 24, 2024; Minneapolis, Minnesota, USA; Dallas Mavericks owner Mark Cuban celebrates after defeating the Minnesota Timberwolves in game two of the western conference finals for the 2024 NBA playoffs at Target Center.
October 9, 2024

Why Mark Cuban Sold the Dallas Mavericks When He Did

Cuban sold his majority stake to the Adelson family in December 2023.
Young fans look over Michigan State sports equipment on display during the Spring Showcase on Saturday, April 20, 2024, at Spartan Stadium in East Lansing.
October 2, 2024

Private Equity Firms Buy Rival Hockey Brands CCM and Bauer

Both brands have been around for decades and changed ownership in the same week.
September 18, 2024

Rogers Tightens Grip on Canadian Sports With $3.46B MLSE Stake

The Blue Jays owner makes a big move to corner most of the Toronto pro sports market.
Fans watch TV screens during a game viewing party for fans at the FanDuel Sportsbook at Meadowlands Racing & Entertainment in East Rutherford, New Jersey.
September 18, 2024

FanDuel Parent Buys Italian Gambling Company in Bid for Growth

Flutter is making big moves in Italy and Brazil.