Back in August it was reported that Liverpool owners, Fenway Sports Group, could be selling a minority stake in the club that would boost the club’s coffers. Yesterday, we got more details about what the sale would look like, thanks to the reporting from the Wall Street Journal.
The surprising factor is that FSG isn’t just selling a stake in Liverpool FC, but their whole company, which also owns Major League Baseball team the Boston Red Sox. According to WSJ, the Liverpool owners are looking to sell a “less than 25%” stake in the company to RedBall Acquisition Corp. RedBall is a “special purpose acquisition company” that was started by MoneyBall expert and Oakland Athletics executive Billy Beane. The evaluation would total the company at eight billion dollars. The investment would also allow FSG to become a publicly traded company on the stock market.
According to the Financial Times, this deal would be one of the biggest sports offering in recent memory. The talks are said to be in the early stages and like any deal, could still fall apart. But FT says that John Henry is “keen” on completely the deal.
RedBall wants to raise $1 billion in investment money for the deal.
This would be a very large financial boost for FSG that would have knock on implications for Liverpool should the deal go through.