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FSG turn down 1.5 billion buyout bid from Dubai

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FoxForceFive

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Liverpool owners Fenway Sports Group have reportedly turned down a £1.5billion offer to buy the club from a consortium led by Amanda Staveley .

Staveley and here PCP Capital Partners Group have been heavily linked with a takeover bid for Newcastle United in recent weeks

But reports in Dubai say that beforehand they were involved in negotiations with FSG for more than a year, according to The National .

The report claims that the sale was called off at the eleventh hour, with FSG confident that they could seal a better price for the club in the club in the future given the rosy economic outlook for the Premier League.

Staveley, who was present at Newcastle and Liverpool's 1-1 draw at St James' Park earlier this month runs PCP Capital Partners, a fund with global assets of more than £28billion.

Earlier this mont the Sunday Mirror Sport revealed that she had made initial soundings about the club's availability.

Stavely, 44, was involved with Dubai investors in takeover attempts in 2007 which were ultimately aborted, and last year her firm made a joint offer for a share of the club with Chinese company Everbright Limited – but it was rejected by the Reds’ current owners, the Fenway Sports Group.

She was also involved in Sheikh Mansour’s purchase of Manchester City in 2008, but FSG, who bought the club seven years ago for £300m, are looking for a major return on their investment and will only sell for the right price.

Since Staveley watched the Magpies and Reds play on October 1, Newcastle owner Mike Ashley has confirmed that his club is up for sale, with Staveley signing a non-disclosure agreement form and entering the process of due diligence ahead of a potential takeover.

However, Mike Ashley's lawyer Andrew Henderson says that Staveley is not alone in the race to own Newcastle.

http://www.mirror.co.uk/sport/football/news/liverpool-owners-fenway-sports-group-11416113
 
Nah, thats BS

No chance they dont take that and get out of dodge , were it ever offered
 
If they don't sell for that amount they'll never sell

It's not the amount today, they also look at their expected future returns which in football can and are growing at stupidly high rates, rates they can't achieve in any alternative investments. So £1.5bn is of little use in that context, they'd rather own the club and it's cunt players producing their fucking 50% annualised growth.
 
People will assume they did regardless, which in turn would put huge pressure on them to spend a lot of money in January, lest thing turn ugly. I'm fully expecting they will turn ugly.
 
Nah.. This is fake news. For £1.5bn they'd definitely consider it. This story has two possible reasons for it.

A) The story is made up or the Journo lied to.

B) PCPCP Are testing the waters for what would be an acceptable bid. A risky strategy to do that in public though. They must think negotiations (if any) are going badly.
 
I highly doubt Dubai are even interested, they don’t have the money they used to have to throw it around and are too consumed with Expo 2020. As much as I would love a big buy out with billions to spend, I wouldn’t hold my breath on this one.
 
A nice bit of agenda setting. Make up a load of shite then watch as the stories keep replicating from its momentum. Journalism 101.
 
£1.5bn I don't believe. The club are valued at $1bn at the moment (£750m approx) so that would be a bid of twice the value of the club.

Given that Liverpool FC have seen the value of the club increase since the new Main Stand was constructed (this has added approx £150m to the clubs valuation), I can see FSG continuing with the expansion of Anfield and the Academy in Kirkby. John W Henry also has a history of creating a "fan experience" with the american franchises he has owned which has seen sell-outs at Fenway Park exceed 700 games. This expansion of the stadium, improved training facilities, increased demand for tickets from abroad and, as mentioned in the article, increased TV rights mean FSG are unlikely to agree to a buy out of the club anytime soon.

It is more likely, in my opinion, that they are going to carry on with the projects that they have and wait for either:

A.) a hugely inflated bid which would equal or beat their long term profit targets
B.) wait for an bid that will ensure they retain a percentage of the club to ensure a slice of the profits they forecast from overseas.
C.) hold onto the club on a long term basis maintaining and increasing the value of the club whilst ensuring their own personal fortunes increase alongside the clubs rising valuation.

One thing we can be sure of is the fact that they are not going to plow a fortune into the transfer market, they are going to carry on with the "buy-em cheap and sell-em high" model they are pursuing at present. FSG know that our fans are unlike any others and will continue to follow the team regardless of how disgruntled we are with the ownership. A lesson they learnt with Hicks and Gillette's reign but one they have refined and polished. The difference with these owners is that they will publicly back down when criticized "en masse", as with the ticket prices, and impose the cost to the fans in a more stealth-like fashion. Therefore looking like owners that listen while continuing to line their own pockets.
 
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