Fenway Sports Group to sell Liverpool

10/7/22 by Lena Hicks

Fenway Sports Group (FGS) has officially put Liverpool up for sale. FGS previously considered selling Liverpool, but decided against going through with the sale. It is unclear if they will follow through on their attempt to sell the club, but they are inviting offers. Goldman Sachs and Morgan Stanley have been hired to assist with the sale of the club.

A statement by FGS to the Athletic emphasized their commitment to the club: “FSG remains fully committed to the success of Liverpool, both on and off the pitch.” FGS also said that they will consider new shareholders, if it benefits the club. FGS bought Liverpool in October 2010, and transformed the soccer club under their ownership.

Liverpool won their first championship in 30 years, with the Premier League title in the 2019-2020 season. The club also won various other titles such as the FA Cup, Carabao Cup, and Champions League under FGS ownership. FGS also oversaw the renovation of Anfield, taking on a 80 million pound project, to be completed next summer, that would boost the capacity to 61,000 people.

Among the upgrades was also the club’s move of training facilities from Melwood to Kirby, a move that cost 50 million pounds. Last year, FGS sold an 11 percent stake of the company to RedBird Capital Partners.