Kieran Magure: FSG could now funnel cash from £1.5bn-plus deal into Liverpool
Liverpool could be one of the “main beneficiaries” if owners Fenway Sports Group add an NBA team to their portfolio.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Boston-based group’s multi-sport investment model.
FSG already own baseball outfit the Boston Red Sox and NHL side the Pittsburg Penguins besides Liverpool.
Per the Liverpool ECHO last Saturday (23 July), they are now keen to add a basketball team to their inventory.
Data collected by Sportico shows that an NBA franchise would likely cost FSG anywhere between £1.5billion and £6bn.
Liverpool already have links to the sport through minority shareholder and basketball superstar LeBron James.
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Plumley forecasts that the Merseysiders could see cash diverted their way if an NBA franchise is profitable for FSG.
“FSG want to diversify their revenue portfolio,” he told Football Insider’s Adam Williams.
“Therefore, having a team in a different sport, especially when there are no issues such as relegation, can only help the ambitions of the organisation as a whole.
“If an NBA franchise is acquired and it is profitable, that is more money that goes into the overall pot. When FSG decide how to distribute that, Liverpool could be one of the main beneficiaries.”
FSG are themselves part-owned by investment giants RedBird Capital.
RedBird completed a takeover of AC Milan earlier this year and also have a stake in French side Tolouse.