Fenway Sports Group to put Liverpool up for sale
The Fenway Sports Group owns and operates the likes of the Boston Red Sox, RFK Racing, and the Pittsburg Penguins. FSG has announced that they are putting Liverpool FC up for sale. Meaning one of the most storied and profitable organizations is now up for the taking.
The news was first reported on by David Ornstein and was later confirmed by a statement from the Fenway Sports Group themselves.
Principal Owner of Fenway Sports Group, John Henry took over team control back in 2010 and quickly bought Liverpool from its previous owners. The purchase amount was for around 477 million dollars. But a list put together by Forbes recently has Liverpool worth an estimated 4.45 billion dollars. Making it one of the most valuable and profitable franchises in the world.
Under FSG, Liverpool has seen quite a lot of success. They won the Champions league in 2019 and then followed that by winning a premier league title the next year. They then finished as the runner-ups in both leagues losing to Real Madrid and Manchester City.
This may lead you to ask why FSG would want to sell such a profitable and dominant team. Well apparently in more recent years ownership has had concerns about Liverpool’s ability to remain a dominant team against the Gulf Owned States. An article published by the New York Times helps give some insight.
So it seems that increased spending/competition by competitors like Manchester City is causing FSG owners to no longer believe in the investment that is Liverpool. Recent suspensions and off-the-field dramas have also plagued Liverpool in recent years, which I’m sure is taking part in the Fenway’s Sports Group decision to sell.
Whatever the true reason may be, I imagine it won’t take long before someone purchases Liverpool. It’s still a household name within the world of soccer and is bound to be a profitable endeavor for whoever takes over. Even if Liverpool can’t play at the elite level of teams like Manchester City, it’s still bound to bring in loads of revenue and will be well worth it in the long run. But for now, we just wait and see.
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