Principal investment firm RedBird Capital is ready to acquire a 10 percent stake of Liverpool owners Fenway Sports Group. It is expected to cost around £537m, with the deal valuing FSG, who also owns baseball team Boston Red Sox, at more than £5bn.
According to a report by 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 can be agreed upon within the next five to six weeks.
Recently RedBird Capital acquired an 85 percent stake in Ligue 2 club, Toulouse. If this deal goes through then it will be their recent sports-related investment. They also recently acquired a 30 to 40 percent position in sports marketing and talent management company Wasserman Media Group.
Liverpool has faced some financial issues this season. They were short of funds in recent season. Last January, Liverpool boss Jurgen Klopp wanted a centre back for long terms. But he didn’t have the funds to sign a long-term candidate for the job. But in the following circumstance, he signed Ozan Kabak on loan from Schalke and Ben Davies on a permanent deal from Preston.
In the present condition, the Reds are forced to sell a percent of stake.