Premier League
FSG sold a stake in Liverpool for a huge sum
Liverpool have secured a new minority shareholder, it was announced on Thursday, and FSG has paid in a huge sum to reduce the club’s debts.
THE Fenway Sports Group had announced since last year that it was looking for a buyer of Liverpool’s shares or part of them and finally found an investor.
The “Reds” announced on Thursday that the American fund Dynasty Equity is now a minority shareholder in the club. According to information from the Financial Times, the deal exceeded 95,000,000 euros, which is about a third of the amount that FSG spent on the full takeover of the English company in 2010.
It is not the first time that FGS has passed on part of the club’s shares to third parties for financing. LeBron James has held a stake of around 2% since 2011, while Arctos Sports Partners and RedBird Capital Partners of the US have bought part of FGS shares and through them part of the control of Liverpool.
The money raised for the club is expected to be used to reduce debt, which has increased due to falling revenues during the pandemic.
Source: sport 24
Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.