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Liverpool Echo
Liverpool Echo
Sport
Mark Wakefield

FSG release Liverpool statement amid 'for sale' rumours as Man City reminder emerges

Here are your Liverpool evening headlines for Monday, November 8.

FSG statement as Liverpool 'put up for sale'

Fenway Sports Group are believed to be open to the full sale of Liverpool FC as they ramp up their efforts of attracting major new investment to the club.

The American owners have been custodians at Anfield since October 2010 but are now actively searching for interested parties.

A report from The Athletic on Monday said two major US banks in Goldman Sachs and Morgan Stanley had been appointed to assist with the process as FSG explore their options after seeing Liverpool FC rocket in value during their 12-year stewardship.

IAN DOYLE: FSG reasons for selling Liverpool are clear but takeover concern remains

READ MORE: FSG truth is clear despite Liverpool owners getting 'caught in a trap'

The American group purchased the club from Tom Hicks and George Gillett in October 2010 for £300m but influential American business publication Forbes now suggests the club are worth £3.6billion.

In a statement sent to the ECHO on Monday, FSG maintain they are "fully committed" to the ongoing success of the Reds under Jurgen Klopp but admit they are open to the possibility of further investment from elsewhere.

The statement reads: "There have been a number of recent changes of ownership and rumors of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.

"FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool. FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.

"FSG remains fully committed to the success of Liverpool, both on and off the pitch."

READ THE FULL STORY HERE .

FSG handed blunt Man City reminder

The challenge facing Liverpool to compete with Manchester City has been demonstrated after the latter became the first club in Premier League history to have a squad costing £1bn or more, writes Dave Powell.

The Etihad outfit this morning published their financial accounts for the 2021/22, a season when they won their sixth Premier League title. Later in the day a report from The Athletic claimed that Fenway Sports Group, Liverpool's owners, have put the club up for sale.

Revenues of £613m, the second highest in Premier League history, the first-ever squad in the top flight to cost more than £1bn. and commercial revenues of £309m - a figure some £91m higher than that of Liverpool's in 2020/21 - made for what City chairman Khaldoon Al-Mubarak described in an accompanying statement as "the most successful financial year in the club's history". That was backed up the fact that they made a record profit of £41.7m.

At a time when the Reds and their owners FSG are being urged to invest significantly in the first-team squad, the results that City have posted show the enormous challenge for the rest of the Premier League in keeping up with Pep Guardiola's side.

Liverpool haven't published their accounts for 2021/22 yet - they are due in early 2023 - but based upon predictions from analysts at football business website Off The Pitch , they are set to post record revenues of £602m , commercial revenues of £241.2m and a profit of around £76m after a season in which they reached the Champions League final, came second to City in the Premier League after a dramatic final day, and in which they won both the FA Cup and League Cup.

READ THE FULL STORY HERE .

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