Fenway Sports Group ‘fully committed’ to Liverpool amid report of club for sale
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Fenway Sport’s Group’s (FSG) decision to sell Liverpool could have ramifications for Jurgen Klopp in the transfer market with the timeline for the sale unclear. Any deal is unlikely to be done before January and the current American owners may decide against pumping more money into the club as they look to move on to other projects.
It was revealed yesterday that Liverpool had been put up for sale by FSG, who have controlled the club since October 2010 after purchasing from George Gillett and Tom Hicks. The company, principally owned by John W. Henry, have overseen the Reds’ most successful period in over 30 years.
FSG have considered bids for the club before but no offer if came close to convincing them to sell up. However, they are now encouraging interested parties to come forward as they look to move on to other business away from Merseyside.
The group have invested great sums off the pitch, helping to redevelop Anfield to massively boost capacity. Around £190million has been spent to upgrade the Main Stand and Anfield Road Stand to allow 61,000 into the ground by the time the latter is completed.
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Yet FSG have been accused of not backing Klopp enough in the transfer market with the failure to sign a new first-choice midfielder in the summer a source of consternation. The club have regulalry tried to keep the books balance with the Reds’ net spent tending to be lower than the likes of rivals Manchester City and Chelsea.
Their frugality is even more likely to be on show in January given their decision to sell the club as they may be reluctant to commit more money for signings. This could have major ramifications for Klopp and his team’s on-field chances for the rest of the season given their dire need to add to their midfield options.
In a statement released to the Athletic yesterday FSG confirmed that they are committed to the success of the club despite their decision to sell up.
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It read: “There have been a number of recent changes of ownership and rumours 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.”
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