Fenway Sports Group, the group that runs Liverpool, has sold a minority stake to Dynasty Equity, a US private investment firm, confirming as untrue rumours that it was seeking a full sale of the club. Liverpool admitted last year that it was open to outside investment and on Thursday announced the deal with Dynasty Equity which is valued at between 80 million pounds (115 million euros) and around 160 million pounds (185 million).
According to the club, this investment is not intended to enter into a transfer war with the other teams, but will go towards paying off the bank debt incurred during the pandemic, paying for the new Anfield stand, paying for the new training centre and buying the land at the old Melwood sports ground. The club's current debt stood at £150m, so FSG was looking for a way to get rid of it, hence the search for a new investor, which was in no way aimed at divesting the club, as the Glazers have tried to do with Manchester United, with Qatar and Ineos, and as Roman Abramovich, forced by his relations with Russia, did with Chelsea.
This minority sale will have no impact on the club's decision-making and will initially be a small, passive collaboration, although it is not ruled out that other expansion operations between the two companies could take place in the future. Liverpool ownership group sells 'strategic' stake in club to 'pay down debt'.
US multinational sports conglomerate Fenway Sports Group (FSG), which owns English club Liverpool among other teams, has sold a "strategic" minority stake in the Premier League club to global sports investment firm Dynasty Equity on Thursday to "pay down bank debt" in the wake of the pandemic, according to a statement.
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