Fenway Sports Group has sold a minority stake in Liverpool to global sports investment firm Dynasty Equity.
FSG has been seeking investment for some time, although the sport investment conglomerate denied suggestions it had put Liverpool up for sale almost a year ago, and it is understood this latest move is designed to raise cash to pay off bank debt – more than the club feel comfortable carrying – incurred during the pandemic and capital expenses.
The owners’ long-term commitment “remains as strong as ever” and Dynasty’s involvement has been described by sources as “passive” and will not affect the operation of the club in any way nor will it provide funds for a transfer ‘war chest’.
FSG believes it is important Liverpool remain financially resilient for their long-term ambitions for success on the pitch and the investment is in no way a precursor to a sale
“Our long-term commitment to Liverpool remains as strong as ever,” said FSG president Mike Gordon.
“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.
“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.”
The money will pay off bank debt incurred for the Covid pandemic as well as enhancements to Anfield Stadium, building the AXA Training Centre, repurchasing Melwood training ground for the women’s team and acquisitions during this summer’s transfer window.
Source: norvanreports