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Liverpool Echo
Liverpool Echo
Sport
Dave Powell

FSG reach new milestone with $600m boost amid search for Liverpool investment

The total value of Liverpool owners Fenway Sports Group's empire has broken through the $10bn mark.

FSG, whose ownership of the Reds, the Boston Red Sox MLB team, the Pittsburgh Penguins NHL franchise, NASCAR's RSK Racing and a number of other sports, entertainment and real estate related businesses has seen them become one of the world's biggest sporting empires, has a total value that now stands at $10.4bn according to Forbes magazine.

The rise is some $600m from the 2022 list, although they do drop a place to fourth after being leap-frogged by Jerry Jones ($11.3bn), the owner of NFL's most valuable franchise, the Dallas Cowboys. FSG remain behind Arsenal owner Stan Kroenke's Kroenke Sports & Entertainment ($12.75bn) whose investments also include the Los Angeles Rams, Colorado Avalanche and Denver Nuggets, while Formula One and Atlanta Braves owners Liberty Media top the list at $20.8bn.

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The $10.4bn (£8.46bn) is a jump from the $9.8bn (£7.97bn) from 2022, the rise aided by the increasing valuations of Liverpool, the Red Sox and the Penguins, as well as other investments that the business made, including the MGM Music Hall adjacent to Fenway Park Stadium in Boston which opened to the public last year.

Of the other sporting empires that have Premier League teams in their portfolio, Manchester United and Tampa Bay Buccaneers owners the Glazer family placed eighth ($7.53bn) while Manchester City owners City Football Group's multi-club model is valued at $5.96bn.

There are further Liverpool links on the 25-strong list, with 11 per cent FSG owners RedBird Capital, who acquired their share in March 2021 for $750m, making their first appearance on the list. The firm, founded by managing partner Gerry Cardinale, is valued at $3.6bn when it comes to its sporting assets which now include AC Milan as well as French side Toulouse, ownership of the XFL spring league in the US alongside Hollywood star Dwayne Johnson, and a stake in the Rajasthan Royals Indian Premier League cricket team.

Another name on the list, Harris Blitzer Sports & Entertainment, who were an early investment group to have an interest in Liverpool but not formally entering into any talks, are valued at $4.65bn through stakes in the Philadelphia 76ers and New Jersey Devils, among other interests. The shareholding in Crystal Palace is one done separately through both Josh Harris and David Blitzer as individual investors.

FSG, who are open to a sale of Liverpool are leaning towards a partial sale of the club, are in what they have described as 'growth mode', and more sporting assets are expected to be added, most notably an NBA expansion franchise in Las Vegas that will likely be helmed by FSG partner and basketball icon LeBron James. That franchise opportunity, however, could be some way down the tracks with a number of hurdles for the NBA to negotiate before it pushes towards expansion from 30 to 32 teams and decides what markets it will place teams in, and who will own them.

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