Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

Fenway Sports Group 'puts Liverpool FC up for sale'

The US giant that owns Liverpool FC has put the Premier League club up for sale, according to reports.

Fenway Sports Group (FSG) has retained Goldman Sachs and Morgan Stanley to assist with the process, The Athletic said.

It is also understood that FSG has put together a full presentation for interested parties.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

Whilst it is inviting offers, it is unclear the level of interest and whether a deal is likely to be done.

A statement from Fenway Sports Group to The Athletic read: "There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.

"FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool. FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.

"FSG remains fully committed to the success of Liverpool, both on and off the pitch."

FSG paid £300m to buy Liverpool FC in 2010 from George Gillett and Tom Hicks, who had bought the football club three years earlier for £218.9m.

In February this year, Liverpool announced that their pre-tax losses were slashed by more than £40m during their latest financial year which also saw a 95% slump in matchday revenue.

The club posted losses of £4.8m for the year to May 31, 2021, a drop of £41.5m, while its media revenue rose by £64.5m to £266.1m.

The Reds' commercial revenue increased by £200,000 to £217.6m but its overall revenue fell by £3m to £487m.

The rise in media revenue was because of the prolonged 2019-20 Premier League season, which fell outside of the previous reporting period.

READ NEXT:

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.