Fenway Sports Group (FSG) are ready to cash in on a sale of Liverpool Football Club.
Winner Sports was told this week that “Talks are taking place” over a planned takeover of Liverpool FC, the most decorated club in England, by the house of Al Maktoum (Royal family of Dubai), according to sources with close connections to the Dubai royal family.
These people said advanced discussions between the club and Marwan Abedin, who is on the board of Dubai’s biggest property developer, had progressed in the past several weeks.
The investor group is backed by Dubai’s Al Maktoum royal family. One of the people familiar with the matter said Liverpool’s owners are looking to cash in after the Premier League struck a record £5bn deal with broadcasters in February 2015 for the UK rights to football’s most lucrative competition.
John W Henry now believes there is no longer a level playing field after Uefa president Michel Platini said Financial Fair Play (FFP) regulations will be “eased”.
It’s thought Fenway Sports Group (FSG) are seeking a deal worth more than $700m (£450million GBP) with the prospective buyers.
A source in the UAE told Winner Sports: “With a huge slump in oil prices, the people at the top are looking at other sectors like tourism. Buying a prestigious football club can help you achieve certain goals.”
Although Liverpool’s UEFA rankings show how far Liverpool have fallen in Europe under FSG’s ownership (Liverpool sit 55th in the rankings, behind the likes of Trabzonspor) American business magazine Forbes ranks the Reds as the eighth most valuable football club in the world at $1billion.
Source: winner sport