The Premier League club Liverpool Football Club has been put up for sale, and Fenway Sports Group is looking for new owners to take it over and move it forward.
The Premier League team’s owners, Fenway Sports Group (FSG), have put Liverpool up for sale.
The Athletic was the first to reveal that the owners have prepared a comprehensive presentation for interested parties. The leadership of the club has hired Morgan Stanley and Goldman Sachs to help in the sale process. Although it is accepting proposals, it is unclear how much interest there is and whether a transaction will actually be made.
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reported in April of last year that FSG had turned down a Middle Eastern offer for about £3 billion. Recent takeover of Premier League rivals Chelsea by the Todd Boehly-led US group cost £4.25 billion, setting a new record for the industry. The club is currently valued by Forbes at about £3.5 billion.
Fenway Sports Group declined to say that the Premier League team is for sale as a whole in a statement.
The statement reads: “There have been several recent ownership changes at EPL teams, as well as rumors of ownership changes, and unavoidably, we are questioned frequently about Fenway Sports Group’s ownership of Liverpool.
“Third parties have regularly expressed interest in joining FSG as shareholders in Liverpool. As previously stated by FSG, if it was in the best interests of Liverpool as a team, we would consider new shareholders under the proper terms and conditions.
FSG is still fully committed to Liverpool’s success, both on and off the field.
John W. Henry, one of the two founders along with chairman Tom Werner, is the primary owner of FSG. Last year, the company paid RedBird Capital Partners $750 million (£655 million) for an 11% interest. Recently, RedBird also acquired a majority ownership stake in Italian champions AC Milan.
RedBird Capital Partners’ owner, Gerry Cardinale, has previously refused to rule out the possibility of buying Liverpool in the post-FSG era. At a 2021 Financial Times Business of Sport US Summit, Cardinale said that controlling Liverpool wasn’t initially in his private equity firm’s game plan.
When asked if he would foreclose the possibility of a future acquisition, he responded, “No, I definitely would not exclude it as it would be a privilege, but I think that Liverpool is in excellent hands with the current group.”