Morgan Stanley and Goldman Sachs have been retained by US based Fenway Sports Group (FSG) to make a valuation and sound out interested parties in the proposed sale of Liverpool Football Club (LFC).

John Henry (Credit LFC)

In a statement FSG said that in the past it “frequently received expressions of interest from third parties seeking to become shareholders in Liverpool” but it opted not to go forward. FSG expressed total commitment to the success of LFC “both on and off the pitch” adding that a sale and new shareholders would be considered if it “was in the best interests of Liverpool as a club”.

Liverpool Football Club has changed owners several times in its history. In 2007 David Moores sold the club for £191 million (€219 million) to George Gillet and Tom Hicks. FSG’s takeover of LFC was completed in 2010 for £300 million (€344 million) when the club was under threat of administration due to a debt of £237 million (€272 million) owed to Royal Bank of Scotland. At the time FSG inherited a club that was eighteenth in the Premier League.

During FSG’s ownership, Liverpool won its first Premier League title in the 2019-20 season. Under the management of Juergen Klopp, LFC reached the Champions League final three times and won the title in 2019. In 2018 a new club transfer record was reached when LFC sold Brazilian footballer Philippe Coutinho to Barcelona for £142 million (€163 million).

FSG is primarily owned by its founder John W. Henry and chairman Tom Werner.The group’s investment portfolio includes Major League Baseball, Boston Red Sox and MGM Music Hall.

(Credit LFC)

It is still unknown whether the right bidder would be found. This announcement may be of interest to the shortlisted bidders who missed out on buying Chelsea Football Club earlier this year when Roman Abramovich completed the sale of Chelsea to an investment group led by Todd Boehly and Clearlake Capital for £4.25 billion (€4.88 billion).

Continue Reading

Latvian delegation hails MGA workshop as ‘useful exchange of experiences’

9 December 2022
by iGamingCapital.mt

The Latvian delegation was provided with an overview of the MGA’s organisational structure, the role and responsibilities of the various functions, and how they work together to contribute to the Authority’s overall strategy

Shaking up payments solutions for iGaming clients

7 December 2022
by iGamingCapital.mt

FinXP CEO Jens Podewski highlights the company’s latest steps in providing a reliable, practical alternative to traditional banking

Push Gaming boosts Romania presence with Crowd Entertainment

7 December 2022
by iGamingCapital.mt

This new offering will allow Push’s growing portfolio of player-favourite titles to be played by a significant number of new customers across different platforms

Bingo multiplayer expert END 2 END granted MGA licence

6 December 2022
by iGamingCapital.mt

This latest licence sits alongside the previously secured certifications for several tier-one markets, including Great Britain, Netherlands, Portugal, Denmark, Colombia among others

See more