Kieran Maguire: FSG may now be poised to buy new club amid news from 'Liverpool sources in US'
Fenway Sports Group may use funds generated by a partial sale of Liverpool to buy another football club.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the possibility of the Boston-based investment firm deciding not to pull out of Liverpool entirely.
It was widely presumed that FSG were ready to sell their entire stake in the club after they released a statement to that effect in early November.
But as relayed by the Liverpool ECHO on Tuesday (6 December), media in the United States claim that John Henry is in fact more inclined to sell only a part of his stake.
Besides Liverpool, FSG own baseball outfit the Boston Red Sox as well as NHL side the Pittsburgh Penguins.
A source told Football Insider in October that the group is also looking to acquire a second football club in Europe.
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Maguire suggests that the partial sale of Liverpool would help to achieve this aim.
“A partial sale perhaps in the region of 10 to 15 per cent is, according to sources in the US, increasingly likely,” he told Football Insider’s Adam Williams.
“From FSG’s point of view, they could sell that amount of equity and recoup more than the £300m they originally paid for the club while still retaining control.
“This gives FSG the benefit of future cash and income streams from the club. They would still have control over operations and decision-making, but from a cash flow perspective, it generates money in the short term.
“That could either be reinvested in the club in the short term or used by FSG to invest in other franchises.
“That could be with a view to making FSG more of a multi-club network like we have seen at Man City. Or, they could use it to put more money into US franchise sports where they believe there is a lot of profit to be had.”