Liverpool owners said to not mull sale of storied football team
Liverpool Football Club’s present owner Fenway Sports Group LLC brought the English club for around £300 million in October 2010
London: Liverpool Football Club, the 18-time English football champion, isn’t for sale, according to a person familiar with the matter, amid reports that the team was set for a Chinese investment.
The club’s owner, Fenway Sports Group LLC, isn’t in any active negotiations for a sale or a partial investment and hasn’t received a bid, said the person, who asked not to be identified because the details are private. Sky News reported earlier on Saturday that China Everbright Group and PCP Capital Partners were working together to gain a “substantial shareholding” in the team.
Liverpool is one of the world’s most-followed clubs thanks to its record of success in the 1970s and 1980s, but last won an English title in 1990. Since then it has been overshadowed by wealthier rivals, including Manchester City and Chelsea, teams now owned by billionaires from Russia and the Middle East.
Fenway Sports bought Liverpool for around £300 million ($392 million) in October 2010 after its previous US-based owners failed to pay debts linked to their leveraged buyout. The club is involved in negotiations to sell naming rights to a new grandstand at its iconic Anfield stadium, and chairman Tom Werner told a local newspaper on Friday that Boston-based Fenway Sports would consider a small stake sale to the right partner.
The Financial Times also reported that talks with the Chinese group were ongoing, and said Fenway Sports, which also owns the Boston Red Sox, had retained Allen & Co. for the transaction. The Sunday Times newspaper said the club was the subject of an offer valuing the team at £800 million. Fenway Sports has a long-term relationship with Allen & Co., and the group wasn’t hired for a stake sale, the person said.
Fenway Sports declined to comment. Sky reported that PCP declined to comment and that Everbright couldn’t be reached.
The Reds lost 2-0 on Saturday at newly promoted Burnley in the second game of the English Premier League. Liverpool beat Arsenal 4-3 on the opening weekend. Bloomberg
Editor's Picks »
- Hindustan Zinc dividend payout offsets dull Q2 results
- Q2 results no blockbuster for Inox Leisure as margins disappoint
- NBFC scare shaves 8.5% of IndusInd Bank share price
- Q2 results portent a dull Diwali for paint stocks investors
- Reliance Jio seen overtaking Vodafone Idea, Airtel to become India’s largest telecom firm by 2018-end