Liverpool owners FSG sell ‘minority’ stake in club in search for new investment
For the latest from the pitch sign up for our football newsletter
Thank you for subscribing!
For the latest from the pitch sign up for our football newsletter
We have more newsletters
Liverpool have announced that global sports investment firm Dynasty Equity has completed a 'strategic common equity minority investment' in the club.
The club have detailed that the minority investment will mainly be used to pay down bank debt incurred during the COVID-19 pandemic as well as to enhance Anfield, the AXA Training Centre and to repurchase Melwood training ground as well as fund recent transfers.
Dynasty and FSG will also explore 'further growth opportunities' in the future. Co-founded and led by Jonathan Nelson and K. Don Cornwell Dynasty Equity descirbe themselves as a private equity firm that focus on small investments in sports franchises.
READ MORE: Dominik Szoboszlai 'has a foot like a traction engine' as Liverpool wondergoal goes viral
LATEST NEWS: Keep up to date on all things Liverpool FC right here with Daily Star Sport
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.”
Liverpool fans, what do you make of the new investment? Tell us in the comments section below.
Nelson said: "We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams."
As 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."
As well as the Champions League, TNT Sports will also be offering sports fans access to games across the Premier League, Europa League, Serie A and much more.
You can also watch the biggest events in boxing, UFC, WWE and get exclusive action from MLB.
£29.99 per month on top of £8.99 per month Amazon Prime subscription
John W Henry – who heads Fenway Sports Group – revealed in February that they are only interested in investors for the Merseyside club, rather than a full sale.
Henry told the Boston Sports Journal: "I know there has been a lot of conversation and quotes about LFC (Liverpool Football Club), but I keep to the facts: we merely formalised an ongoing process.
“Will we be in England forever? No. Are we selling LFC? No."
- Premier League
- Liverpool FC
Source: Read Full Article