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Off Topic FSG Sale of LFC...?

Discussion in 'Liverpool' started by Jimmy Squarefoot, Nov 7, 2022.

  1. Thus Spake Zarathustra

    Thus Spake Zarathustra GC Thread Terminator

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  2. moreinjuredthanowen

    moreinjuredthanowen Mr Brightside

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    33% of club 1 billion.

    simple. all lines up with rumours.

    who the **** would want 33% and no say in direction of a club I don't know really
     
    #542
  3. RogerisontheHunt

    RogerisontheHunt Well-Known Member

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    Wouldn't surprise me that this is the start of FSG's exit plan.

    33% now and FSG withdraw over time.
     
    #543
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  4. moreinjuredthanowen

    moreinjuredthanowen Mr Brightside

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    the problem is if you sell 33% privately to one group then you are stuck selling the rest to them really. who would want only 66% and be stuck with some other crowd?

    surely fsg should be floating this on us stock market if they want out.
     
    #544
  5. Thus Spake Zarathustra

    Thus Spake Zarathustra GC Thread Terminator

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  6. SIR_KENNY_KLOPP_KING

    SIR_KENNY_KLOPP_KING Well-Known Member

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    Imo FSG have seriously ****ed up. They have squeezed every last drop out of the club in terms of performance. The time to sell for maximum value was before the decline (last season) and before Utd had recovered. The fact that Utd went up for sale when there were serious cash buyers out there, interested in Liverpool speaks volumes.

    Now, to maintain the asset value, they have to seriously invest enough to justify their current valuation amd if they don’t, their asset value will decline.

    whichever way you you slice this, it will cost FSG dear.
     
    #546
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  7. Zanjinho

    Zanjinho Boom!
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    Depends who you look at it.

    If you look at it terms of what the maximum they could have got at the clubs peak then yes, they've missed the boat and they'll "lose".

    However, they bought the club for around £300m and it's now worth billions. They can't actually lose
     
    #547
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  8. THE FOOL

    THE FOOL Well-Known Member

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    I dont think billionaires think like that.

    But then I suppose that's why their billionaires and were ****ing about on a football forum.:emoticon-0102-bigsm
     
    #548
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  9. SIR_KENNY_KLOPP_KING

    SIR_KENNY_KLOPP_KING Well-Known Member

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    which was I didn’t refer to ‘losing’, because clearly, they haven’t. But they are long overdue celebrating the bargain price that they paid for us. Now they have to spend to maintain price. That’s not something that they will celebrate.
     
    #549
  10. moreinjuredthanowen

    moreinjuredthanowen Mr Brightside

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  11. moreinjuredthanowen

    moreinjuredthanowen Mr Brightside

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    FSG agree to sell minority stake in club worth £82-164m to Dynasty Equity

    Liverpool owner John Henry with Jurgen Klopp
    Liverpool principal owner John Henry with manager Jurgen Klopp
    Liverpool owners Fenway Sports Group (FSG) have agreed to sell a minority stake in the club worth between £82m and £164m to global sports investment firm Dynasty Equity.

    The deal ends the search for new investment by FSG, who wanted to retain majority ownership of the Reds.

    The new investment will primarily be used to pay off the club's bank debt.

    "Our long-term commitment to Liverpool remains as strong as ever," said FSG president Mike Gordon.

    "We have always said that 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 future growth."

    Liverpool lost £100m of revenue during the Covid-19 pandemic, also spent about £50m on a new training ground in Kirkby which opened in 2020, as well as £12m re-purchasing their previous Melwood training base for use by the women's team.

    The ongoing development of the Anfield Road Stand is going to cost an estimated £80m, and follows the completion of the new £114m Main Stand which opened in 2016.

    The Reds also spent about £145m on transfers in the summer, bringing in midfielders Dominik Szoboszlai, Alexis Mac Allister, Wataru Endo and Ryan Gravenberch.

    FSG are understood to be keen to reduce the bank debt the club has accrued through the financing of those recent infrastructure projects, and the new cash injection will help cover those costs rather than be directly used on future player transfers.

    "We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club's financial position and sustain our ambitions for continued success on and off the pitch," added Gordon.

    Dynasty's chief executive officer, K. Don Cornwell, added: "Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach.

    "Dynasty is privileged to support the club and work alongside FSG to execute on the tremendous growth opportunities ahead."
     
    #551
  12. Milk..

    Milk.. Well-Known Member

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    Damn! Shame his middle name is Don instead of Frank... right @Zanjinho ?
     
    #552
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  13. Zanjinho

    Zanjinho Boom!
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    I'm intrigued to know how many get that <laugh>
     
    #553
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  14. johnsonsbaby

    johnsonsbaby Well-Known Member

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    I'm off to ask the Colonel.
     
    #554
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  15. LuisDiazgamechanger

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    Liverpool: FSG agree to sell minority stake in club worth £82-164m to Dynasty Equity
    Liverpool: FSG agree to sell minority stake in club worth £82-164m to Dynasty Equity - BBC Sport

    FSG sells minority stake in Liverpool
    Fenway Sports Group has sold a minority stake in Liverpool up to £173m (€200m) to global sports investment firm Dynasty Equity.

    The money raised will be used to pay down debt and help finance capital expenditure. It will not be used to fund future transfers. Liverpool’s latest accounts to June 2022 showed a net debt of £71 million.

    The owners' long-term commitment "remains as strong as ever" and Dynasty's involvement has been described by sources as "passive" and will not affect the operation of the club in any way nor will it provide funds for a transfer 'war chest'.

    FSG believes it is important Liverpool remain financially resilient for their long-term ambitions for success on the pitch and the investment is in no way a precursor to a sale.

    "Our long-term commitment to Liverpool remains as strong as ever," said FSG president Mike Gordon.

    "We have always said that 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 future growth.

    "We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club's financial position and sustain our ambitions for continued success on and off the pitch."

    The money will pay off bank debt incurred for the Covid pandemic as well as enhancements to Anfield Stadium, building the AXA Training Centre, repurchasing Melwood training ground for the women's team and acquisitions during this summer's transfer window.
    https://www.skysports.com/football/live-blog/11095/12507208/football-news-and-latest-updates-column

     
    #555
    Last edited: Sep 28, 2023
  16. saintanton

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    I never get it.
    Don't do fast food places.
     
    #556
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  17. johnsonsbaby

    johnsonsbaby Well-Known Member

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    With regard to the OP, is this good news?
     
    #557
  18. Toonitus

    Toonitus Well-Known Member

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    Peasants
     
    #558
  19. Milk..

    Milk.. Well-Known Member

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    Not the OP, but I imagine it's largely irrelevant.

    FSG still have the controlling share, so won't change anything about how the club is run. Supposedly the buy-in money goes towards paying debts but I highly doubt it will change much regarding our day to day operations.


    Just different rich people holding a different share of our club
     
    #559
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  20. johnsonsbaby

    johnsonsbaby Well-Known Member

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    I don't understand much regarding finances so I'm unsure if there are other implications with the buy in. Could it be the start of FSG slowly relinquishing their shareholding?
     
    #560

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