Sat. Jun 15th, 2024

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A US private equity firm has taken a minority stake in Liverpool Football Club, its owners have announced.

Fenway Sports Group (FSG) did not reveal the terms of the deal with Dynasty Equity.

But a statement said: “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 term, the partnership between Dynasty and FSG will also explore further growth opportunities for Liverpool FC,” the announcement continued.

FSG, which also owns the Boston Red Sox baseball team, bought the English club in 2010.

Achievements since include winning the Premier League title in 2019-20 and the Champions League in 2019.

But FSG confirmed just under a year ago that if the right potential new shareholder emerged, it would consider an offer.

It was seen as a reaction to the change of ownership at Chelsea – or rather the sums involved – earlier in the year.

Sky News revealed how Manchester United’s US owners were preparing a possible sale last November.

That, apparently stalled, process has proved frustrating for fans who have long called for an end to the Glazer family’s 18 years of ownership.

Liverpool is principally owned by John W Henry, alongside FSG chairman Tom Werner.

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Image:
John W Henry

The pair have looked at other opportunities in the past, but nothing has ever come of them.

FSG president Mike Gordon said: “Our long-term commitment to Liverpool remains as strong as ever.

“We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.

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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 executive officer, K. 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 support the club and work alongside FSG to execute on the tremendous growth opportunities ahead.”

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