Report: Red Bird Capital Consider Upping Stake In FSG Enabling Them To Retain Ownership Of Liverpool
By Neil Andrew,
2023-02-05
The Fenway Sports Group have been reported as being open to a full sale of Liverpool or new investment.
Red Bird Capital Partners are considering upping their stake in the Fenway Sports Group, in a move that will allow them to retain ownership of Liverpool, according to a report.
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FSG appeared to put the Merseyside club up for sale in November when they enlisted the support of Goldman Sachs and Morgan Stanley to help with the process, but the Global Sports Portfolio have maintained that they are also open to minority investment.
Red Bird paid £533million for an 11% stake in FSG in 2021 and according to Alex Miller , preliminary talks have already taken place with a view to increasing their stake.
The sports finance journalist also claims in The Mail that a source close to the firm believes FSG are moving away from the idea of wanting to sell Liverpool.
"There is a growing feeling that FSG are not interested in selling Liverpool, and are increasingly drawn to the idea of selling another minority stakeholding. A further 20% sale of FSG could generate £1billion."
"FSG are also watching the sale of Manchester United with interest. If United sells for £7billion, then the market value of Liverpool could rise significantly."
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Miller also reports there are other interested parties in the club however, which include the Qatar Investment Authority but they would prefer to buy a controlling stake in the club.
A cash injection at Liverpool is badly needed with Jurgen Klopp's squad in need of a rebuild but whether FSG are willing to invest on a grand scale to compete with the likes of Chelsea and Manchester City remains to be seen.
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