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Daily Mirror
Daily Mirror
Sport
Jacob Leeks

Liverpool for sale: RedBird Capital chief's comments on owning club after FSG decision

RedBird Capital chief Gerry Cardinale has previously opened the door to taking over Liverpool, amid news that Fenway Sports Group (FSG) has put the Reds up for sale.

The private investment firm already owns a stake in the Reds, paying FSG £655million to take an 11 per cent share in the company last year. The group already owns Serie A giants AC Milan and French side Toulouse.

And they could add Liverpool to their portfolio of fully-owned companies, with FSG inviting offers for the Premier League side. Soon after taking up that 11 per cent stake, RedBird Capital boss Cardinale revealed he was open to increasing his share in the Reds.

"We did not underwrite that with that as the goal," Cardinale told the Financial Times' Business of Sport US Summit in New York in October 2021 when asked whether he saw himself as Liverpool owner in the future.

"I definitely would not exclude it as it would be a privilege but I think that Liverpool is in fantastic hands with the current group. We are there to support and play a supporting role where we can but that is a phenomenal team from ownership and management all the way down."

Cardinale previously spent 20 years working at Goldman Sachs, who have been retained by FSG alongside Morgan Stanley to assist with the sale process, according to The Athletic. A full sales presentation has been prepared for any parties who state their interest.

HAVE YOUR SAY! How pleased have you been with FSG's ownership of Liverpool? Comment below.

John W. Henry, one of FSG's leaders, may be ready to sell Liverpool (Getty Images)

While it has put Liverpool up for sale, it is unknown if FSG will follow through and let go of the club it has owned for 12 years. But the American firm has admitted that they will sell for the right price.

"There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs," an FSG statement read in response to the reports that Liverpool are up for sale.

"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 has enjoyed great success at Liverpool since buying the club from George Gillett Jr. and Tom Hicks. Since appointing Jurgen Klopp as manager in 2015, they have won the Premier League, Champions League, FA Cup and Carabao Cup.

Aside from trophies, they have opened a new £110m Main Stand and pushed through an £80m redevelopment of the Anfield Road Stand. Klopp's squad also work day in, day out at a new £50m training centre in Kirkby, funded by FSG.

The most recent sale of a 'Big Six' Premier League side came in May, when Todd Boehly led a consortium which bought Chelsea for £2.5billion.

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