It's 12 years since Fenway Sports Group acquired Liverpool and 20 years since they purchased the Boston Red Sox.
During their tenure at both they have delivered success after a period of drought, with the Reds being crowned champions of England for the first time in 30 years in 2020 as well as winning the Champions League in 2019, while in Boston they brought a first World Series in 86 years, following that up with three further triumphs in 2007, 2013 and 2018.
Among American sports investors they have longed been viewed as being at the vanguard, their implementation of such things as data analytics and their knack of hiring the right people having been the bedrock of their success. They have also been successful in leveraging what has been achieved and turning that into greater revenues, their sporting empire having grown from the $600m acquisition of the Red Sox in 2002 to a $10bn business, of which Liverpool are now valued at around $4bn (£3.3bn) having been bouht for £300m 12 years ago.