A US personal fairness agency has taken a minority stake in Liverpool Football Club, its homeowners have introduced.
Fenway Sports Group (FSG) didn’t reveal the phrases of the take care of Dynasty Equity.
But a press release mentioned: “The minority investment will primarily be used to pay down bank debt incurred during the COVID-19 pandemic and capital expenses made to enhance Anfield, build the AXA Training Centre, repurchase Melwood training ground and, most recently, acquisitions during the summer transfer window.
“Longer time period, the partnership between Dynasty and FSG may also discover additional development alternatives for Liverpool FC,” the announcement continued.
FSG, which additionally owns the Boston Red Sox baseball group, purchased the English membership in 2010.
Achievements since embrace profitable the Premier League title in 2019-20 and the Champions League in 2019.
But FSG confirmed just below a 12 months in the past that if the proper potential new shareholder emerged, it will contemplate a suggestion.
It was seen as a response to the change of possession at Chelsea – or fairly the sums concerned – earlier within the 12 months.
Sky News revealed how Manchester United’s US homeowners have been making ready a attainable sale final November.
That, apparently stalled, course of has proved irritating for followers who’ve lengthy known as for an finish to the Glazer household’s 18 years of possession.
Liverpool is principally owned by John W Henry, alongside FSG chairman Tom Werner.
The pair have checked out different alternatives up to now, however nothing has ever come of them.
FSG president Mike Gordon mentioned: “Our long-term commitment to Liverpool remains as strong as ever.
“We have at all times mentioned that if there’s an funding accomplice that’s proper for Liverpool then we might pursue the chance to assist make sure the membership’s long-term monetary resiliency and future development.
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“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
Dynasty’s chief govt officer, Ok. Don Cornwell, added: “Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach.
“Dynasty is privileged to assist the membership and work alongside FSG to execute on the great development alternatives forward.”
