Kieran Maguire: Liverpool will be ‘delighted’ by £333m news from America
It is good news for Liverpool if the other teams in Fenway Sports Group’s portfolio perform well.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest news from the US-based investment group.
FSG also own the baseball outfit Boston Red Sox and NHL side the Pittsburgh Penguins.
Annual analysis published by Forbes on Thursday (24 March) shows that the Red Sox are currently the third-most valuable MLB side at £2.96billion.
The Red Sox were the only outfit in the top three to record a positive operating income and their value soared by £333m on last year.
Liverpool themselves saw only a small decrease in revenue in 2020-21 despite the handicap of the pandemic.
And Maguire explains why the health of FSG’s overall portfolio is important to the Merseysiders.
“If the other franchises in the FSG portfolio perform well, there is less desire to use Liverpool as a cash cow,” he told Football Insider‘s Adam Williams.
“It can be that one club is used to provide funding or financial support for the other elements of the overall empire.
“So, if everything is going swimmingly, they’ll be delighted. If you’ve got three businesses performing well, they can just focus on themselves.
“If you have one performing badly, you have to consider how you can turn it around.
“That can potentially involve capital investment and you have to take from the other clubs to support the one.“
Liverpool posted a £2.4m loss in their last set of accounts.
They are next in action next Saturday (2 April) against Watford before a title showdown against Man City on 10 April.
In other news, “huge”update on Mohamed Salah contract talks with Liverpool after new twist