The owners of Liverpool FC have taken the unusual step of directly addressing the buzz about a sale to tech billionaire Elon Musk.
“No truth to these rumors,” a spokesperson for Fenway Sports Group told the Associated Press.
FSG also owns the Boston Red Sox and Pittsburgh Penguins.
The news cycle started when Errol Musk, Elon’s estranged 78-year-old father, told Times Radio his son wanted to buy the English club.
Errol Musk’s mother was born in Liverpool and some family members still live there.
“I can’t comment on that,” Errol Musk said while laughing, “they’ll raise the price.”
He expanded when the interviewer pushed.
“Oh yes, but that doesn’t mean he’s buying it,” Errol Musk said. “He would like to, yes, obviously, anybody would want to. So would I.”
The patriarch also dropped the nugget that his family was “fortunate enough to know quite a few of the Beatles because they grew up with us—my family.”
FSG bought the club for £300 million in 2010 (roughly $380 million today), and explored a full sale in late 2022 before calling it off the next year. RedBird Capital bought an 11% stake of all of FSG in 2021, valuing Liverpool’s parent company at over $7 billion. As part of that deal, LeBron James swapped out his Liverpool stake for equity in FSG. In 2023, private equity firm Dynasty Equity bought a small percentage stake of just Liverpool for $200 million.
Should the Tesla owner and CEO want to buy Liverpool, he certainly has the capital. The club is valued at about $5.37 billion, according to Forbes. The magazine places Elon Musk’s net worth at $416.2 billion.
Editors’ note: RedBird Capital is the parent company of RedBird IMI, the majority owner of Front Office Sports.
