• Loading stock data...
Saturday, December 14, 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

Sep 21, 2024; Columbus, Ohio, USA; Marshall Thundering Herd running back Ethan Payne (28) dives in for the touchdown during the first quarter against the Ohio State Buckeyes at Ohio Stadium. Mandatory

Portal-Depleted Marshall Bows Out of Independence Bowl

Louisiana Tech (5–7) will take Marshall’s place.
Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.

New Sixers Arena Clears Key Philadelphia City Council Vote

The team still needs one more vote to move ahead.

Featured Today

The Top-Secret Operation to Create the Army-Navy Football Uniforms

The two-year process includes dozens of employees, NDAs, and military historians.
Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena
December 9, 2024

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
exclusive

Talor Gooch Using LIV Golf Fortune to Start Building Sports Empire

The golfer has made more than $43 million individually from LIV.
November 13, 2024

Why Liberty Media Spun Off Assets, Shook Up Leadership

Longtime CEO Greg Maffei is stepping down at the end of the year.
December 4, 2024

U.S. Firm Makes $310M Bet on Soccer by Forming Superagency

The U.S.-based investment company makes a significant play in international soccer.
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.
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.
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.
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.