It’s gold…
Still prefer those guys dancing though than 20 something NFT CEO preaching about the latest Ponzi schemes but then that’s showing my current mindset 🙂
Club up for sale
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It’s gold…
Still prefer those guys dancing though than 20 something NFT CEO preaching about the latest Ponzi schemes but then that’s showing my current mindset 🙂
Fenway Sports Group’s Sam Kennedy says interest is high in possible sale of Liverpool FC
https://www.bostonglobe.com/2022/11...-interest-is-high-possible-sale-liverpool-fc/
[article]
“There has been a lot of interest from numerous potential partners considering investment into the club,” said Sam Kennedy on Wednesday in the first public comments from a Fenway Sports Group insider since it was revealed earlier this month that FSG is exploring a sale.
Kennedy, an FSG partner who is also CEO of the Red Sox and Fenway Sports Management, said the interest has come on two fronts: buying the club outright and buying in as minority partners.
Kennedy indicated the outcome could be a stakeholder blend not previously mentioned, one where an interested party buys into Liverpool as a minority shareholder and over an extended period of time buys enough shares to gain majority control and become the new owner.
Kennedy described the exploration process, in which the club has engaged the services of both Morgan Stanley and Goldman Sachs to help with details of any possible transaction, as being in its “early days.” Kennedy declined to name any suitors.
FSG president Mike Gordon is managing the transaction, a new role for him as he steps back from more direct oversight of the club’s on- and off-field operations.
“It is early days in terms of exploring possibilities for possible investment into Liverpool,” Kennedy said in the lobby of the midtown skyscraper where Major League Baseball is headquartered and Kennedy, along with FSG principal owner John Henry (who owns the Globe) and FSG chairman Tom Werner, are attending owners meetings.
“Mike Gordon has done an extraordinary job of leading the club for the past decade-plus. He will be taking a step back from that role and Billy Hogan will be taking on more and more. Billy’s someone we’re particularly proud of in the Red Sox front office, he grew up in our organization.”
FSG purchased Liverpool for $493 million in 2010. Last fall, Forbes estimated the franchise was worth $4.45 billion, making it the 22nd most valuable sports franchise in the world, higher than the Red Sox at No. 30 ($3.9 billion).
For the past couple of years, FSG has been open about its growth strategy. It has ventured into real estate in the form of a new concert venue behind Fenway Park and also a residential-commercial project surrounding the ballpark that will transform the neighborhood.
A year ago, FSG purchased the NHL’s Pittsburgh Penguins and it has been open about its desire to land an expansion NBA franchise.
FSG is also interested in buying an NFL franchise one day, but that’s impossible right now and in the near future given NFL restrictions on private equity within ownership groups.
How does FSG square selling off its most valuable property while remaining in growth mode?
“Great companies grow by adding value to their business,” said Kennedy. “One way to increase that value from time to time is to sell assets or add investors. Does that mean FSG is going to sell Liverpool? I do not know. It’s John Henry’s, Tom Werner’s and Mike Gordon’s job to responsibly run Fenway Sports Group and they felt this was an ideal time to explore possible opportunities for investment into the club.”
Kennedy said that the potential sale of Liverpool is unrelated to the club’s interest in owning an NBA franchise. He also said, “there’s nothing new on that front.”
“We have, over the years, expressed interest in making investments in other sports, including the NBA,” said Kennedy. “We have a ton of respect for the [NBA] commissioner [Adam Silver] and we have engaged with NBA owners over the years. Nothing is imminent. As it relates to expansion, the league has not determined what it’s going to do on that front.”
Before Kennedy’s comments, the closest FSG has come to discussing a potential sale, which was first reported by The Athletic, was a statement the group released at the time of the news.
“There have been a number of recent changes of ownership and rumors of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool,” the statement read.
“FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool. FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.
“FSG remains fully committed to the success of Liverpool, both on and off the pitch.”
[/article]
https://www.bostonglobe.com/2022/11...-interest-is-high-possible-sale-liverpool-fc/
[article]
“There has been a lot of interest from numerous potential partners considering investment into the club,” said Sam Kennedy on Wednesday in the first public comments from a Fenway Sports Group insider since it was revealed earlier this month that FSG is exploring a sale.
Kennedy, an FSG partner who is also CEO of the Red Sox and Fenway Sports Management, said the interest has come on two fronts: buying the club outright and buying in as minority partners.
Kennedy indicated the outcome could be a stakeholder blend not previously mentioned, one where an interested party buys into Liverpool as a minority shareholder and over an extended period of time buys enough shares to gain majority control and become the new owner.
Kennedy described the exploration process, in which the club has engaged the services of both Morgan Stanley and Goldman Sachs to help with details of any possible transaction, as being in its “early days.” Kennedy declined to name any suitors.
FSG president Mike Gordon is managing the transaction, a new role for him as he steps back from more direct oversight of the club’s on- and off-field operations.
“It is early days in terms of exploring possibilities for possible investment into Liverpool,” Kennedy said in the lobby of the midtown skyscraper where Major League Baseball is headquartered and Kennedy, along with FSG principal owner John Henry (who owns the Globe) and FSG chairman Tom Werner, are attending owners meetings.
“Mike Gordon has done an extraordinary job of leading the club for the past decade-plus. He will be taking a step back from that role and Billy Hogan will be taking on more and more. Billy’s someone we’re particularly proud of in the Red Sox front office, he grew up in our organization.”
FSG purchased Liverpool for $493 million in 2010. Last fall, Forbes estimated the franchise was worth $4.45 billion, making it the 22nd most valuable sports franchise in the world, higher than the Red Sox at No. 30 ($3.9 billion).
For the past couple of years, FSG has been open about its growth strategy. It has ventured into real estate in the form of a new concert venue behind Fenway Park and also a residential-commercial project surrounding the ballpark that will transform the neighborhood.
A year ago, FSG purchased the NHL’s Pittsburgh Penguins and it has been open about its desire to land an expansion NBA franchise.
FSG is also interested in buying an NFL franchise one day, but that’s impossible right now and in the near future given NFL restrictions on private equity within ownership groups.
How does FSG square selling off its most valuable property while remaining in growth mode?
“Great companies grow by adding value to their business,” said Kennedy. “One way to increase that value from time to time is to sell assets or add investors. Does that mean FSG is going to sell Liverpool? I do not know. It’s John Henry’s, Tom Werner’s and Mike Gordon’s job to responsibly run Fenway Sports Group and they felt this was an ideal time to explore possible opportunities for investment into the club.”
Kennedy said that the potential sale of Liverpool is unrelated to the club’s interest in owning an NBA franchise. He also said, “there’s nothing new on that front.”
“We have, over the years, expressed interest in making investments in other sports, including the NBA,” said Kennedy. “We have a ton of respect for the [NBA] commissioner [Adam Silver] and we have engaged with NBA owners over the years. Nothing is imminent. As it relates to expansion, the league has not determined what it’s going to do on that front.”
Before Kennedy’s comments, the closest FSG has come to discussing a potential sale, which was first reported by The Athletic, was a statement the group released at the time of the news.
“There have been a number of recent changes of ownership and rumors of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool,” the statement read.
“FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool. FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.
“FSG remains fully committed to the success of Liverpool, both on and off the pitch.”
[/article]
I think so too. A new NBA franchise in Vegas, the potential sale of the Washington Commanders NFL team.
I've had a premonition about this sale
We will be sold to a billionaire, who is the exception to the rule in that he or she made their money without resorting to corruption, exploitation or any other immoral means.
The billionaire is a lifelong Liverpool fan and is willing to sacrifice their fortune for the good of the reds.
There is massive further investment in the ground, taking our capacity to over 100,000. Tickets are subsidised to £10 each maximum. Free beer is provided for all fans as they pass through the turnstiles
Klopp is signed up to a lifetime contract, player investment goes up by an order of magnitude, we bring in world class players for all areas of the team, and this, in turn, motivates our existing top players to new levels of brilliance.
We win all there is to win, and, in the process, totally humiliate City.
Then, out of nowhere, UEFA grows a pair of balls & screws us over FFP, have our benevolent billionaire banned from football, move all our players to Barcelona and Real Madrid on free transfers, strip us of every trophy ever won and declare LFC null & void.
Its in the fucking stars ,...
We will be sold to a billionaire, who is the exception to the rule in that he or she made their money without resorting to corruption, exploitation or any other immoral means.
The billionaire is a lifelong Liverpool fan and is willing to sacrifice their fortune for the good of the reds.
There is massive further investment in the ground, taking our capacity to over 100,000. Tickets are subsidised to £10 each maximum. Free beer is provided for all fans as they pass through the turnstiles
Klopp is signed up to a lifetime contract, player investment goes up by an order of magnitude, we bring in world class players for all areas of the team, and this, in turn, motivates our existing top players to new levels of brilliance.
We win all there is to win, and, in the process, totally humiliate City.
Then, out of nowhere, UEFA grows a pair of balls & screws us over FFP, have our benevolent billionaire banned from football, move all our players to Barcelona and Real Madrid on free transfers, strip us of every trophy ever won and declare LFC null & void.
Its in the fucking stars ,...
The Phoenix Suns are presently up for sale too.
Forgot about that. So lot of options for FSG to grow in the US market.
No disagreements there. Frankly, I'm on Team FSG.
Wish they'd invest in the playing squad a bit more robustly than they have - but it's dangerous and murky waters our there looking for new ownership.
It's only, what, 15 years ago we thought we'd found the wealthy owners to move us forward and that didn't work out so well.
Read it until we were called a 'franchise' ....
That feels like top top investor @Bradley has finally decided to top top invest.
If it includes free pizza - we’re on!!!
But unforunately they longer want us and they seem keen to use the money to grow their US franchises and cash in on is, LFC gotta face facts like the soon to be discarded spouse. Hopefully they are responsible and find a suitable suitor. My worry is that in the rush to sell, we don’t end with H & G as it was the case when Moores sold us even in hind sight it was to his regret.
It's like one of those bios on Tindr : "I'm just here to meet people and make friends, but open to a relationship with the right person. If you like dogs, please consider swiping right"
And how does that work for you?
I presume he finds lots of new friends that like dogs.
Makes sense to filter out those dog-hating nymphos
Not very well at all. Thought I'd made myself quite clear, but almost none of them liked dog.
Most preferred fish. One of them even claimed to be vegetarian. They were quite rude about it too.
[article]American billionaire Steve Ballmer has delivered his answer to Liverpool fans over a potential takeover.
Ballmer, whose £66bn net worth derived from his stock options in Microsoft, where he served as CEO between 2000 and 2014, has been linked with a potential move to acquire Liverpool after it emerged that owners Fenway Sports Group were open to selling the club for the right price, although also welcoming minority investment.
Ballmer, 66, has been the owner of the Los Angeles Clippers NBA team since 2014 and told Los Angeles Times reporter Sam Farmer recently that he had no interest in owning any further teams.
Addressing the Liverpool rumour on Twitter, Farmer said: "When I sat down with Ballmer recently and asked if he would be interested in buying any other sports franchises he said no.
"And it was a definitive no. He said he already spends enough time focused on the Clippers and now building a new arena for them. Said he's not interested in devoting time to another team."[/article]
Ballmer, whose £66bn net worth derived from his stock options in Microsoft, where he served as CEO between 2000 and 2014, has been linked with a potential move to acquire Liverpool after it emerged that owners Fenway Sports Group were open to selling the club for the right price, although also welcoming minority investment.
Ballmer, 66, has been the owner of the Los Angeles Clippers NBA team since 2014 and told Los Angeles Times reporter Sam Farmer recently that he had no interest in owning any further teams.
Addressing the Liverpool rumour on Twitter, Farmer said: "When I sat down with Ballmer recently and asked if he would be interested in buying any other sports franchises he said no.
"And it was a definitive no. He said he already spends enough time focused on the Clippers and now building a new arena for them. Said he's not interested in devoting time to another team."[/article]
[article]RedBird Capital Partners founder and managing partner Gerry Cardinale has spoken about links to Liverpool.
Considering the Reds' owners, Fenway Sports Groups, are looking to sell the club or gain outside investment, rumours suggested that RedBird may be involved in the bidding process.
However, the Liverpool Echo had immediately stated that RedBird was not among the bidders for the club. They hold a stake in FSG..
Speaking to The Australian, Cardinale stated RedBird's focus was on its ownership stake in AC Milan.
While he had admiration for the “phenomenal asset" that is Liverpool, he stated that no bid was forthcoming.
Liverpool chairman and FSG's second in command, Tom Werner, stated to Boston Globe recently: "We're exploring a sale, but there's no urgency, no time frame for us, and as far as I'm concerned, it's business as usual.
"One outcome could be our continued stewardship for quite a while."[/article]
Considering the Reds' owners, Fenway Sports Groups, are looking to sell the club or gain outside investment, rumours suggested that RedBird may be involved in the bidding process.
However, the Liverpool Echo had immediately stated that RedBird was not among the bidders for the club. They hold a stake in FSG..
Speaking to The Australian, Cardinale stated RedBird's focus was on its ownership stake in AC Milan.
While he had admiration for the “phenomenal asset" that is Liverpool, he stated that no bid was forthcoming.
Liverpool chairman and FSG's second in command, Tom Werner, stated to Boston Globe recently: "We're exploring a sale, but there's no urgency, no time frame for us, and as far as I'm concerned, it's business as usual.
"One outcome could be our continued stewardship for quite a while."[/article]
They've been up for sale for ages, but the asking price was reportedly stupid. MEN reported it was $10bn+.
Interesting. With QSI also open to a minority investment in PSG, wondering if there is a sense that the bubble may burst or, at the very least, deflate soon. With high interest rates on the horizon for the next few years, maybe folks are looking for access to cash.
If I was a billionaire looking at the two clubs, objectively Liverpool is more attractive, debt to t/o is far lower. Stadium and training renovation done, There is potential to further increase capacity by redeveloping the Sir Kenny Dalglish Stand to mirror the Main Stand. With further investment its value could exceed Man United's. Man U's asking price will be north of £4.5bn, I wouldn't be surprised if its close to £6bn
Honestly we don't want to be taken over by whoever would want to buy Utd anyway
So now United are up for sale, how is everyone going to feel if we get taken over by another FSG-type prudent ownership model.
And United get taken over by some free-spending Arabs.
Will we be happy claiming the moral high ground whilst them and City compete for title after title for the next 20 years?
Or we prefer it the other way? United having the moral high ground whilst we have the free spending Arabs & titles?
And United get taken over by some free-spending Arabs.
Will we be happy claiming the moral high ground whilst them and City compete for title after title for the next 20 years?
Or we prefer it the other way? United having the moral high ground whilst we have the free spending Arabs & titles?
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