New York-based investment firm RedBird Capital Partners are looking to takeover Premier League club Liverpool following an official statement from FSG putting up the club for sale, know about the firm’s owner and net worth
RedBird Capital Partners are an investment firm who own 10% of FSG, Liverpool’s current ownership group, and just recently bought Serie A champions AC Milan
RedBird Capital Partners owner, investments and net worth 2023
ℹ️❗️𝙉𝙀𝙒: (@TheAthleticFC)
FSG may be able to persuade RedBird Capital Partners to almost triple its investment in the transatlantic sports empire from 11 per cent to 30 per cent.
This move could realise an additional £1billion for Liverpool’s owners. pic.twitter.com/J6jHHpKtOC
— LFC Transfer Room (@LFCTransferRoom) February 6, 2023
🚨 | FSG may be able to persuade RedBird Capital to almost triple its investment from 11% to 30%
This could add an additional £1billion for Liverpool’s owners, a good chunk of which would almost certainly be invested in the business [@TheAthleticFC] pic.twitter.com/1qY7pc2aLW
— Anfield Agenda (@AnfieldAgenda) February 6, 2023
Liverpool’s current owners FSG are also an investment firm who own the Boston Red Sox, the Pittsburgh Penguins ice hockey team, and a TV network as well.
FSG release statement putting up Liverpool for sale
Fenway Sports Group (FSG) confirmed their desire to accept offers for Liverpool by releasing a carefully-constructed 91-word statement. The statement while stating the sale of Liverpool also assured their commitment to ensuring the team’s success on and off the field.
Moreover, The Athletic reported that ‘the club is for sale but only at the right price and there may also be the potential to buy a minority stake.’
In fact, FSG are not putting up the club for a firesale. John Henry, the current owner is simply considering bids for the club that his group purchased 12 years ago. FSG bought Liverpool for £300m and earlier this year, a rival Premier League club sold to US-based investors for £2.5bn.
FSG is primarily an investment firm seeking to gain profits. As such, the recent autumn’s collapse of the pound points are a good time for American investors, making it a good time for them to put up Liverpool for sale.
As of now, FSG’s key investors, the RedBird Capital Partners investment group, are a potential candidate. The firm just purchased a 10% slice last year and also purchased various controlling stakes in AC Milan and Toulouse.
RedBird Capital
RedBird Capital are an investment firm based in New York with reportedly $7.5bn of assets under their management. They have an exclusive clientele consisting of the likes of LeBron James and rapper Drake, and many other celebrities.
RedBird made their initial investment in FSG back in March 2021. FSG themselves own the Boston Red Sox, the Pittsburgh Penguins ice hockey team and a TV network besides Liverpool. Liverpool are currently worth around £3.5bn according to Forbes.
Gerry Cardinale, founder of RedBird, previously refused to rule out any chances of becoming Liverpool’s majority owner. Instead, he described it as a “privilege” and not initially one of his firm’s end goal.
Gerry stated last year:
No, I definitely would not exclude it as it would be a privilege but I think that Liverpool is in fantastic hands with the current group. We are there to support and play a supporting role where we can but that is a phenomenal team from ownership and management all the way down.
However, Gerry made these comments well before his firm completed the purchase of AC Milan. As such, their move to takeover Liverpool’s ownership can in more than one ways lead to complications. There are currently strict rules when it comes to club owners who own more than one club, especially when these clubs with the same owners meet in UEFA competitions.
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