Liverpool news: Top source has news on potential Michael Edwards purchase
Liverpool owners Fenway Sports Group have looked to buy clubs in Europe and South America to begin their multi-club model, sources have told Football Insider.
FSG, headed by John Henry and Tom Werner, revealed plans to add a second football club to their portfolio in the near future.
The club’s new CEO of Football, Michael Edwards, is expected to spearhead FGS’s attempts to begin a multi-club model.
Edwards noted that building a network of clubs was one of the main reasons he returned to Anfield and that it is necessary to “remain competitive”.
Liverpool owners begin multi-club plans
Well-placed sources have told Football Insider that the Reds have already assessed potential clubs in Europe and South America – areas which have proved fruitful for other multi-club groups.
FSG already have a wide range of other sports franchises in its portfolio, including baseball team the Boston Red Sox and ice hockey team the Pittsburgh Penguins.
While it is yet to be seen how much this could impact Liverpool’s success, the likes of the City Group, who own Man City and stakes in Girona, have proved the model can be a success.
Amid a swathe of backroom and technical changes, the Reds are set to bring Bournemouth chief Richard Hughes to the club, with Football Insider revealing (14 March) that he has agreed terms after a breakthrough in talks.
Liverpool most recently advanced to the quarter-finals of the Europa League with an 11-2 aggregate win against Sparta Praha on Thursday evening (14 March).
They are next in action against Man United in the quarter-finals of the FA Cup on Sunday afternoon (17 March).
In other news, Liverpool braced for monster bid for first-team mainstay as they’re told ‘name your price’ – sources.
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