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Tuesday, July 16, 2024

FSG Considers Partial Sale of Liverpool

  • Fenway Sports Group also owns the Boston Red Sox and Pittsburgh Penguins.
  • The sports investment company bought Liverpool in 2010 for $353.4 million.
Liverpool players celebrate after scoring a goal
Liverpool FC

Fenway Sports Group may explore a partial sale of Liverpool FC after putting the storied soccer club up for sale in November. 

“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,” FSG told The Athletic.

The Premier League club has yet to receive a “compelling offer” — with a $4.45 billion valuation Liverpool is the fourth-most-valuable soccer team, per Forbes.

  • FSG also owns the Boston Red Sox and Pittsburgh Penguins.
  • The sports investment company bought Liverpool in 2010 for $353.4 million. 

Underwhelming offers for Liverpool may be the byproduct of a potential sale of Premier League rival Manchester United, which along with the Tampa Bay Buccaneers is owned by the Glazer family.

The Glazers have hired The Raine Group, which handled the $5.4 billion sale of Chelsea, for a potential transaction and are reportedly looking for more than $7.2 billion for Manchester United.

Manchester United owners Joel and Avram Glazer wave to cameras in stands of Old Trafford

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Potential Buyers 

A consortium comprised of private investors from Saudi Arabia and Qatar is planning to present an “initial bid in the region of $3.9 billion” for the team, according to the Sporting News.

Liverpool has also received interest from Mukesh Ambani, owner of the Indian Premier League’s Mumbai Indians. The oil, retail, and telecom entrepreneur is the richest sports team owner in the world and  could handle FSG’s hefty asking price with a net worth of $97.5 billion.

Philadelphia 76ers and New Jersey Devils owner Harris Blitzer Sports & Entertainment is mulling its options on a potential bid, while Los Angeles Clippers owner and former Microsoft CEO Steve Ballmer wasn’t interested in buying another sports franchise as of last month.

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