Fenway Sports Group have sold a minority stake in Liverpool to US-based sports investment firm Dynasty Equity – but the money will be used to stabilise the club’s finances rather than go towards Jurgen Klopp’s January warchest.
There has been no confirmation of the value of the deal but it is understood to be worth between £82m and £164m and it officially brings FSG’s search for new investment to an end.
While there was a brief buzz about the club being up for sale last year, the preferred intention was always to bring in minority investment to put the club on a firmer financial footing and “ensure future growth”.
The watchword at Anfield appears to be stability. With Klopp’s position as secure as ever, there is now certainty over the club’s future ownership and their finances are back in the black.
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.
“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.”
Fans hoping for a boost for future transfer windows will be disappointed. The investment is primarily about sustainability and clearing debts.
Indeed the club’s statement pin-pointed the areas it will go towards – largely, paying off bank debt incurred during the pandemic and paying for capital expenditure including the club’s new training centre and repurchase of their Melwood training facility.
Effectively that means the money raised by the sale has already been spent.
Dynasty Equity is a New York-based firm that works with clubs and leagues but they are likely to take a backseat role at Anfield.
Dynasty’s chief executive officer, K. Don Cornwell, said: “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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