Finance guru: New hire will be the ‘beating heart’ of Liverpool after John Henry green light
New Fenway Sports Group accounting tsar Julie Swinehart will be crucial for the Liverpool finance department.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Boston-based investment firm’s latest executive appointment.
The Liverpool ECHO reported last Saturday (23 July) that John Henry has given the green light for Swinehart to join FSG as chief finance officer and strategic investment adviser.
Swinehart, whose background is in property investment, will take charge of accounting practices across the sports empire’s network of teams.
FSG own MLB side the Boston Red Sox and ice hockey outfit the Pittsburgh Penguins as well as Liverpool this side of the Atlantic.
Plumley explained that Swinehart will be the “beating heart” of the group’s financial operation as they navigate the complexities of different markets and regulations.
“I am probably biased here given my background, but I think this is a very important appointment,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“It all comes back to finance one way or another. It is the beating heart of everything at the moment.
“With a portfolio as big as FSG’s, you’re not just managing one club in one country. You have to be across everything.
“There are all sorts of things that come into that in terms of competition structure, revenue generation, cost and accounting regulations. You need someone who can oversee those things.
“You need someone to control that because it’s a big portfolio.”
In other news, pundit tells Alex Oxlade-Chamberlain to quit Liverpool in £10million deal after update.