While little has materially changed for Fenway Sports Group since they intimated that they were willing to sell their stake in Liverpool back in November, it is the potential for a minority share sale that remains the most likely outcome.
The sale of Chelsea for £2.5bn, allied with some FSG partners hinting at divesting their interest in the not too distant future, provided the catalyst for FSG to go to market and see what the appetite for a sale or investment into the club would be.
A full sale over and above the $4bn valuation that Liverpool has remains an option, but given that some investors have yet to glean the kind of returns that they would have been expecting from FSG investment, and with Liverpool such a valuable part of John W. Henry's sporting empire that is now worth more than $10bn that also features the Boston Red Sox MLB team and Pittsburgh Penguins NHL franchise, there is a growing feeling that a partial sale is more likely.
