It's a little over year since Fenway Sports Group and RedBall Acquisitions stepped back from plans that would have seen FSG taken public on the stock market.
Liverpool owners FSG had been seeking additional investment into the business to provide them with the capital to pursue business growth despite the financial pressures that had been placed upon them and the rest of the football world by the impact of the pandemic.
When special purpose acquisition company (SPAC) formed by US financier Gerry Cardinale and baseball analytics guru Billy Beane in the summer of 2020, it was done so with the intention of investing in sports.
