New York Times confirmed as second largest shareholder in Liverpool football club The New York Times Company, Americaââ¬â¢s most distinguished newspaper group, has emerged as the second-largest shareholder in Liverpool FC, according to new disclosures from the clubââ¬â¢s owner, Fenway Sports Group. John W Henry has revealed precious little detail about the ownership structure since he took control last October, but Premier League rules have required him to reveal that he and the Times group are the two most significant shareholders in FSG, which owns Liverpool and the Boston Red Sox. The newspaper publisher, a publicly-listed company in the US, was known to be an investor in FSG, formerly New England Sports Ventures, but the size of its stake in the company and Liverpool was not previously clear. When LeBron James secured a minuscule stake in FSG last week it attracted global interest, but the basketball starââ¬â¢s cosmetic involvement obscured this far more significant revelation. Henry had initially declared only that he and club chairman Tom Werner shared 50 per cent of the voting rights in Liverpool, but has had to update the declaration of interest after the Premier League pointed out that it did not tally with its information. The League requires clubs to declare all owners with more than 10 per cent, prompting a revised declaration on the clubââ¬â¢s website. It reveals that Henry and the Times group are the only investors with more than 10 per cent of FSG, though Henry is understood to be the largest single shareholder. --------------------------------------------------------- From what I've heard the owner of the NYT is wealthy.It makes our hopes for progress even better. Any thoughts.
The Majority Shareholder in the NYT is one Carlos Slim. Yes, Carlos Slim - the richest man in the world. I did know these figures a while ago actually, I wonder why people are only catching on now?
There is a few ways on how he can invest a few quid into the playing side if Tom Werner and JWH need a hand.He can be offered preference shares that offer a fixed rate of dividend,or he can buy himself some extra ordinary shares.Although Tom Werner and JWH will retain the majority shareholding.
it is only a small association though. Carlos Slim (who sounds like a baddie from Grand theft auto) owns 6.4% of NYT while NYT own just over 10% of liverpool meaning slim would own 0.64% of liverpool at the most, i doubt he personally even knows he owns it
A far more significant revelation? Hardly significant. Company owns shares in other company shock horror. FT and Wall St Journal pointedly fail to print special editions.
