FSG lands £164million Liverpool investment - but Jurgen Klopp won't get a penny
Liverpool owners FSG have landed a fresh £164million investment in the club - but Jurgen Klopp won't get a penny.
Fenway Sports Group (FSG) have sold a minority stake to Dynasty Equity, a global sports investment firm. The move comes on the back of owner John W Henry's almost year-long search for new investment opportunities.
The money brought in from the sale will, it's understood, be used to pay off bank debt accrued during the pandemic and cover capital expenses, rather than providing funds for player transfers.
According to FSG president Mike Gordon, the owners long-term commitment to the Premier League club "remains as strong as ever". The club insists that Dynasty's involvement is "passive" and that it will have no impact on club operations. Additionally, having insisted that FSG were not looking to sell the club 12 months ago, Gordon insists that this investment is not a precursor to a sale but will instead ensure the club's financial resilience and future growth.
“Our long-term commitment to Liverpool remains as strong as ever,” said Gordon. “We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.
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“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
The funds will be utilised to settle bank debt accrued during the Covid pandemic, as well as for improvements to Anfield, construction of the AXA Training Centre, the repurchase of Melwood training ground for the women's team, and to help pay off signings made during this summer's transfer window.
The Reds spent £146million in the summer, signing Alexis Mac Allister, Dominik Szoboszlai, Wataru Endo and Ryan Gravenberch. They landed over £50million in first-team player sales through the exits of Fabinho and Jordan Henderson, while a number of others departed on free transfers, including James Milner, Naby Keita and Alex Oxlade-Chamberlain.
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