Fenway Sports Group (FSG), the owners of Liverpool Football Club, made a significant announcement on Thursday, revealing that they have successfully sold a minority stake in the renowned Premier League club to the US private equity firm, Dynasty Equity.
Liverpool plans to utilise the investment to reduce debts incurred during the pandemic, fund essential infrastructure projects, and bolster their activities in the transfer market.
FSG’s founder, John Henry, had categorically denied earlier this year that the club was up for sale. However, the group has now acknowledged its willingness to embrace “new shareholders if it was in the best interests of Liverpool as a club.”
Since Fenway Sports Group took the helm in 2010, Liverpool has experienced a remarkable resurgence in English and European football. This resurgence culminated in the club winning the UEFA Champions League in 2019 and securing their first Premier League title in 30 years the following season. Nonetheless, they faced a setback by missing out on Champions League football for the first time in seven years after finishing fifth in the Premier League last season.
The current season has seen Liverpool off to a strong start, with the team currently occupying the second position in the Premier League table, having won five of their first six matches.