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Liverpool Owner Says Club Is Not For Sale

Liverpool Owner Says Club Is Not For Sale

Last November, reports surface that Liverpool FC was up for sale, however, it seems that the club’s owners, the Fenway Sports Group (FSG), have had a change of heart and are now planning to retain majority control of the club.

Liverpool principal owner, John W. Henry, has announced that FSG has ruled out a full franchise sale, but the group is willing to have conversations with a few potential suitors for a potential minority stake in the club, as Liverpool seeks new investors.

Commetning on the club being up for sale, Henry, said: “Yes. I know there has been a lot of conversation and quotes about LFC, but I keep to the facts: we merely formalized an ongoing process.”

“Will we be in England forever? No. Are we selling LFC? No. Are talking with investors about LFC? Yes. Will something happen there? I believe so, but it won’t be a sale. Have we sold anything in the past 20+ years?” he said.

Despite reports earlier this month that FSG was considering other ways to raise capital and retain control of the club, it seems that a full sale is now off the table.

The company has also been in discussions with the Qatar Investment Authority about a stake sale, however, it has been reported that the wealth fund would prefer to hold a controlling stake.

FSG also owns several other sports entities, including the Boston Red Sox, Fenway Park, the Pittsburgh Penguins, RFK Racking, and the regional sports network NESN.

While the group has faced criticism from some Liverpool supporters over its handling of the club, FSG remains committed to the team’s future and is exploring ways to secure its financial stability.

Elsewhere in the Premier League, Jim Ratcliffe and a Qatari investment group emerged as the favourites to takeover Manchester United.

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