Kieran Maguire: Owners of Premier League club could now quit to take over Liverpool
Liverpool have a higher ceiling for would-be investors and it is therefore no surprise to see Crystal Palace shareholders David Blitzer and Josh Harris tempted by a takeover.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the possibility of investment in the Merseysiders coming from within the Premier League.
Harris and Blitzer, who together run the Harris Blitzer Sports & Entertainment agency, have owned a minority stake in Palace since 2015.
They are among the United States’ most prominent sports investors with stakes in NBA team the Philadelphia 76ers, NHL side the New Jersey Devils, and MLS outfitReal Salt Lake among others.
The pair were part of a consortium that tried to acquire Chelsea earlier this year but lost out to Todd Boehly’s group.
The Liverpool ECHO reported on Thursday (17 November) that Harris and Blitzer are now considering launching a bid for Liverpool after they were put up for sale by Fenway Sports Group earlier this month.
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The Merseysiders are likely to fetch between £3bn and £4bn, and it is understood that several parties are interested.
Maguire explained why Liverpool represent a better investment prospect than Crystal Palace, with whom Harris and Blitzer would have to sever ties if they were to take over Liverpool.
“Harris and Blitzer are probably aware that being involved with a small club such as Crystal Palace has some benefits,” he told Football Insider’s Adam Williams.
“The price you pay for a club like that is smaller, but it does have a natural ceiling.
“Liverpool are in a position to leverage on the global interest in the club as far as its history and heritage are concerned.
“Therefore, there is greater potential for long-term growth in a historic club such as Liverpool than there is with a smaller club from an investment point of view.”