Liverpool in Talks with Two Middle East Consortiums over a $3-Billion Takeover

BUSINESS SPORTS

According to reports, Fenway Sports Group (FSG), the owner of the Liverpool football club, discussed the sale of the club with two consortiums based in the Middle East. After owing Liverpool FC for 12 years, FSG has put the club up for sale and stated that they have also prepared a sales presentation for potential buyers.

Under the FSG, Liverpool has accomplished a lot, including winning the Premier League. However, it appears that FSG’s 12-year ownership of the football team is ending.

In recent weeks, numerous parties have been linked to a takeover of the football team, including Mukesh Ambani, chairman of Reliance Industries. However, all of those claims have been refuted.

Sources say that FSG has talked to Qatari and Saudi Arabian consortiums in the Middle East. Due to the entry of the two consortiums, the football club has plenty of options.

According to reports, the consortium’s representatives have communicated with FSG director Mike Gordon to express their interest in purchasing Liverpool Football Club. Despite the fact that both consortiums are private businesses, they also have close ties with the leaders of their respective governments.

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The club is also in talks with a company from the United States. According to those who are interested, the deal involves a 3 billion pound takeover.

In 2010, FSG paid 300 million pounds to acquire the Liverpool football club from George Gillett and Tom Hicks. Today, FSG is worth more than 3 billion pounds. FSG have brought financial stability to the club in addition with multiple trophies.