The owners of Liverpool, Fenway Sports Group, have fulfilled a lifelong dream of selling American investors Dynasty Equity a minority share in the team.
Since a report surfaced in October 2010 indicating that FSG was contemplating a complete sale of the team they acquired for £300 million, there has been a great deal of conjecture over the past 12 months over the group’s plans for Liverpool.
FSG maintained that they had no plans to sell everything.
Principal proprietor of FSG, John W. Henry, remarked in February, “Will we be in England forever?” No. Do we market LFC? No.
Are you discussing LFC with investors? Indeed. Will there be any events there? Though I think so, there won’t be a sale.
As promised by Henry, Liverpool had always wanted to strengthen its financial situation by bringing in an outside party. The search is finally ended, as they have reached an agreement with Dynasty, a New York-based company.
According to reports, Equity has acquired a share in Liverpool valued between £80 and £160 million. This means that Dynasty, the company created by Jonathon Nelson and K Don Cornwell, would not have any influence over the day-to-day operations of the team.
However, this is not an investment that would allow Liverpool to suddenly spend lavishly in the transfer window; rather, the agreement was made to settle obligations that have grown since the outbreak, including the construction of a new training facility.
‘Our long-term commitment to Liverpool remains as strong as ever,’ said FSG President Mike Gordon.
‘We have always said if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and growth.
‘We look forward to building upon the longstanding relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.’
Dynasty Executive Chairman Nelson added: ‘We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams.’
