Liverpool owner John Henry and his company FSG (Fenway Sports Group) have sold a minority stake to American firm Dynasty Equity.
Dynasty Equity are an investment firm that specialises in buying minority stakes in sports franchises. They’ve not officially revealed how much money they’ve invested but it’s to be believed in the region of $100million-$200m (£82m-£164m).
Liverpool fans don’t get too excited. The investment does not equate to a “transfer war chest” for manager Jurgen Klopp. It will pay down bank debt incurred during the pandemic, increased capacity work on the new Anfield Road stand, the new Axa training centre and the repurchase of Melwood training ground, and recent recruitments in the recent transfer window.
Liverpool’s debt before the repurchase of Melwood training ground and this summer’s transfer spend was about £150m. FSG weren’t prepared to carry that amount of debt and began considering outside investment after the pandemic.
There came talks that FSG were looking to sell the club which gained attraction from Saudi Arabia but those reports were false and FSG were simply looking for financial help.
FSG’s president, Mike Gordon, said: “Our long-term commitment to Liverpool remains as strong as ever. 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. We look forward to building upon the longstanding relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
Dynasty is run by its co-founders, Jonathan Nelson and K. Don Cornwell. The duo were experienced investors in sports and entertainment before establishing the company, including through collaborations with leagues and franchises.
“We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams,” said Nelson, Dynasty’s executive chairman.
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