Liverpool owners FSG ‘set to sell 10 percent stake worth £540m’ to an investment firm.
The stake will reportedly cost RedBird Capital around $750million (£537m), with the deal valuing FSG, who own Liverpool Football Club, at more than $7billion (£5bn)
Principle investment firm RedBird Capital is reportedly on the verge of acquiring a 10 per cent stake of Liverpool owners Fenway Sports Group.
The stake is expected to cost around $750million (£537m), with the deal valuing FSG, who also own baseball team Boston Red Sox, at more than $7billion (£5bn).
According to Sportico, RedBird founder Gerry Cardinale has been trying to acquire a piece of Fenway, which is controlled by John Henry, for some time.
The deal is expected to be closed within the next six weeks.
And if it goes ahead as expected it will be the latest sports-related investment for the firm, who recently acquired an 85 percent stake in Ligue 2 club, Toulouse.
RedBird also recently acquired a 30 to 40 percent position in sports marketing and talent management company Wasserman Media Group.
Liverpool have been short of funds in recent seasons, with manager Jurgen Klopp having to get creative in the transfer market.
This January the German was in desperate need of a new center-back, but didn’t have the funds to sign a long-term candidate for the job.