Photoby Billie Weiss/Boston Red Sox/Getty Images
Liverpool owners reportedly selling 25% of company that owns the
Red Sox as well.
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
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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.