“potential-partners”-–-fsg-chief-drops-major-update-over-liverpool-sale

Liverpool owners, Fenway Sports Group (FSG), have dropped a major update on the prospective sale of the club.

Last week the Athletic reported that FSG had put Liverpool up for sale and that a full sales presentation had been prepared for interested parties. Meanwhile, Goldman Sachs and Morgan Stanley had been retained to assist with the process.

At the time FSG released a statement in which they claimed that under the right terms and conditions they would “consider new shareholders” provided they were in Liverpool’s best interests.

FSG update

There has since been an update from the club that suggests “numerous potential partners” have been in touch.

Sam Kennedy, who is a partner at FSG, told The Boston Globe: “There has been a lot of interest from numerous potential partners considering investment into the club.

“It is early days in terms of exploring possibilities for possible investment into Liverpool.”

There has been lots of speculation as to whether FSG is more likely to sell outright, or if they just want to welcome more investment into the club.

Kennedy was coy about FSG preference and said: “Great companies grow by adding value to their business.

“One way to increase that value from time to time is to sell assets or add investors. Does that mean FSG is going to sell Liverpool? I do not know.

“It’s John Henry’s, Tom Werner’s and Mike Gordon’s job to responsibly run Fenway Sports Group and they felt this was an ideal time to explore possible opportunities for investment into the club.”

Mike Gordon update

Kennedy, who is also the CEO and president of the Boston Red Sox, spoke about Mike Gordon’s change in role.

Gordon is stepping back from his current position running Liverpool day-to-day, allegedly to help find Liverpool a buyer.

Kennedy said: “Mike Gordon has done an extraordinary job of leading the club for the past decade-plus.

“He will be taking a step back from that role and Billy Hogan will be taking on more and more. Billy’s someone we’re particularly proud of in the Red Sox front office, he grew up in our organisation.”