According to rumors, RedBird Capital Partners is considering boosting its stake in Liverpool
According to sources, RedBird Capital Partners wants to increase their ownership in Liverpool.
Fenway Sports Group (FSG) listed the Reds for sale just over three months ago. They are thought to be looking for a partial sale rather than a complete sell, despite owning the club since 2010.
Several parties have been linked to proposed investments in Liverpool.
In April 2021, RedBird paid £533 million for an 11% interest in the Reds. It means that the American firm, led by Gerry Cardinale, is an indirect shareholder and has since purchased AC Milan from Serie A.
According to the Daily Mail, RedBird has undertaken “preliminary conversations” with FSG about increasing their stake. An additional 20% might result in a £1 billion profit for FSG.
Cardinale revealed in November to The Australian, through SOHN Hearts and Minds, that Liverpool are a “phenomenal asset,” but RedBird’s focus was on Milan.
And considering RedBird’s stake in FSG amid the Covid-19 outbreak, Cardinale said: “The assets weren’t necessarily distressed but we got the benefits in pricing – given they were responding to exogenous circumstances. However, the content (sport) was performing well. It had a glitch, but it was merely the monetisation of the live event.”
Leave a Reply