The spectacular failure of the European Super League project in 2021 and the purchase of Chelsea by Todd Boilley are at the heart of Fenway Sports Group’s decision to put Liverpool up for sale on Monday, claims ESPN.
FSG, which also owns baseball’s Boston Red Sox and hockey team Pittsburgh Penguins, wants to sell their majority stake after 12 years in charge of Anfield. The club was bought by the Americans in October 2010, when the investment company acquired the shares for the sum of £300 million from owners George Gillett and Tom Hicks.
Chelsea were recently sold for £4.25 billion, so the expected amount for Liverpool’s shares is expected to be similar to that. To help find a buyer, FSG has hired multinational investment banks and financial services firms Goldman Sachs and Morgan Stanley, ESPN added. According to Forbes, Liverpool is worth around $4.45 billion or £3.89 billion.
Under manager Juren Klopp, the Reds have won the Champions League, Premier League, Club World Cup, FA Cup, League Cup, FA Super Cup and European Cup. Along with the successes on the pitch under FSG, there has also been investment at Anfield Stadium, with the team also moving to a new £50m training facility in Kirkby.
“There have been several changes of ownership of Premier League clubs recently and rumors of such. It’s no surprise that we are often asked about the state of Liverpool’s ownership,” FSG said in a statement.
“With the right offer, which is in the best interests of the club, Liverpool are for sale. For now, however, we are fully committed to ensuring the success of this historic team on and off the field. But we declare readiness for negotiations,” the Americans also wrote.
In 2021, FSG sold an 11 percent stake in the company for $750 million (£655 million) to RedBird Capital Partners. Thus, they reinvested this money in purchasing a controlling interest in Pittsburgh hockey.
In the last year, however, there has been a lot of criticism from Liverpool fans that FSG are not giving enough money to strengthen the squad in the transfer market, which manager Jurgen Klopp himself complained about.
Liverpool’s owners FSG are prepared to sell their controlling stake in the club, sources have told ESPN, 12 years after buying the club for just £300 million.
The valuation could exceed £4 billion.https://t.co/neP8YRj6PP
— ESPN FC (@ESPNFC) November 7, 2022