Fenway Sports Group (FSG) has agreed to sell a minority ownership in Liverpool to global sports investment group Dynasty Equity for between £82m and £164m.
The agreement puts an end to FSG’s quest for fresh investors, which wants to retain controlling ownership of the Reds.
The additional investment will be utilized mostly to pay off the club’s bank debt.
“Our long-term commitment to Liverpool remains as strong as ever,” FSG president Mike Gordon stated.
“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.”
Liverpool lost £100 million in revenue because to the Covid-19 epidemic. They also spent over £50 million on a new training facility in Kirkby, which will open in 2020, and £12 million repurchasing their existing Melwood training facility for use by the women’s squad.
The ongoing development of the Anfield Road Stand is expected to cost £80 million, after the completion of the new £114 million Main Stand in 2016.
In addition, the Reds spent over £145 million on acquisitions in the summer, bringing in midfielders Dominik Szoboszlai, Alex Mac Allister, Wataru Endo, and Ryan Gravenberch.
FSG are said to be eager to decrease the club’s bank debt incurred as a result of the funding of those recent infrastructure improvements, and the additional financial injection will assist pay those costs rather than being used directly on future player moves.
“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,” said Gordon.
FSG, who purchased Liverpool for £300 million in 2010, stated in November 2022 that they “would consider new shareholders,” and the latest investment for a modest part of the Anfield side ends that process.
K. Don Cornwell, Dynasty’s CEO, stated, “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.”