Kieran Maguire: Liverpool have US investors licking their lips after £338m development
Kieran Maguire has suggested American investors will be licking their lips at the prospect of buying Liverpool.
Speaking exclusively to Football Insider, the football finance expert revealed the pounds decline against the dollar effectively reduces the price of the club by $400million (£338m).
On 7 November, The Athletic’s David Ornstein revealed Fenway Sports Group have put Liverpool up for sale.
In an update on Friday (11 November), Ornstein stated that Reds director Mike Gordon is stepping back from his current position at Anfield.
Gordon is said to now be focusing on the sale of the Merseyside club.
When asked by Football Insider why the time is now for FSG, Maguire said: “FSG will have looked at the market during their tenure and will have been looking for the right time to sell the club.
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“Their main focus is on making money, rather than the football.
“They will have seen the price Chelsea was sold for, which exceeded most people’s expectations. Liverpool are arguably a bigger brand than Chelsea.
“FSG will also be aware of the strength of the dollar against the pound. It reduces the paying price for an American investor by about $400million.
“There is also a case to say that we are at peak Liverpool right now. FSG’s attempts to extract further money domestically via Project Big Picture and internationally via the European Super League have both failed.
“It is harder for them to generate further revenue aside from the expansion of Anfield.”