Kieran Maguire: Liverpool ‘generating’ billions as ‘essential’ new deal agreed
Liverpool owners Fenway Sports Group are “generating billions” and so it is “absolutely essential” that they have a first-rate operator to manage their accounts.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Merseysiders’ new finance chief, Jule Swinehart.
Per the Liverpool ECHO last Saturday (23 July), John Henry has given the nod for Swinehart to join FSG to manage their accounting practices and act as an investment consultant.
Swinehart, who will work across FSG’s portfolio of sports clubs, is vastly experienced and made her name in the American property market.
Maguire emphasised how important it is to have someone with the right industry know-how steering the ship in the financial department.
“It is absolutely essential to have good financial control,” he told Football Insider’s Adam Williams.
“It is an organisation that is generating billions of dollars in income. Historically, FSG have run the finances of the clubs they control with microscopic attention to individual numbers. I’m sure that will continue.
“Having someone with the appropriate qualifications and experience is therefore essential to the future wellbeing of all the clubs that are under the ownership.”
FSG own baseball giants the Boston Red Sox and the NHL side the Pittsburgh Penguins as well as Liverpool and a number of other minor sports teams in America.
Liverpool made a loss of £4.8million on revenues of £487m in 2020-21, the last financial year on record.
In other news, Liverpool confident of signing Jude Bellingham after new talks.