Liverpool Owners, Fenway Sport Group (FSG) Confirms Decision To Sell Liverpool…Details

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Liverpool owners Fenway Sports Group have confirmed their decision to put up Liverpool football club for sale after years of ownership.

Liverpool
Liverpool owners, Fenway Sports Group, ready to sell Liverpool

It has been regarded as a dramatic shift of paradigm by the American owners, who took ownership of the club since 2010.

According to reports, they are now inviting bidders to tender their bids to purchase the club as they get ready to relinquish ownership after twelve years in charge.

A full sales presentation has been prepared, calling potential buyers to tender their submissions.

FSG purchased Liverpool from George Gillett and Tom Hicks for £300million in 2010, and there are projections that they may likely sell the club for more than ten times the amount.

Investment banking giants Goldman Sachs and Morgan Stanley have reportedly been recruited to help with the sale process.

Liverpool was valued at $4-4.5 billion in May 2022 based on Forbes’ report. This implies that Fenway Sports Group may likey demand the same amount from potential buyers.

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The decision by FSG to sell the Merseyside club has been confirmed in a statement made available to the Athletic, as they maintain that the club is ready to be sold “under the right terms and conditions.”

Liverpool
Fenway Sports Group owners John W Henry, second left, and Tom Werner, second from right

The statement clarified that the club has always received interests from some parties to become shareholders, and will consider those interests if it aligns to the interest of the club.

Since taking over in 2010, FSG have recorded an immense improvement in and success with the Merseyside club, especially under the Jurgen Klopp era.

Since arriving from Borussia Dortmund, Jurgen Klopp has won the Premier League, EFL Cup, FA Cup, Community Shield, Champions League, UEFA Super Cup, and the FIFA Club World Cup.

Meanwhile, Liverpool’s Supporters’ group Spirit of Shankly is against the move of Fenway Sports Group to sell the club.

This is the second time FSG has erred after they also angered the fans by attempting to join a breakaway and elitist European club competition – the European Super League.

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Liverpool was among the big six Premier League teams who endorsed the beleaguered and foiled European Super League.

Fans protested the move and criticized the planned league for its greedy and elitist model forcing the Premier League clubs to withdraw, including Liverpool.

Liverpool

Henry, the owner of FSG, had to apologize to the fans after the incident and maintained they did not anticipate the hostile reaction by Liverpool fans.

However, the move to sell the club is not connected to the fracas between the owners of the club and the fans over the Super League.

FSG made the right decision by hiring Klopp, who turned around the club’s fortunes and won the hearts of the fans after Jurgen Klopp’s long successful stint with the Merseyside club.

However, Liverpool is not in their best form this season following a poor Premier League campaign, leaving them way behind the top four and the top spot.

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But it is assumed that the drop in Liverpool’s form is unrelated to Fenway Sports Group’s decision to sell the team, and the sale value will not be affected.

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