Fenway Sports Group, the owner of Liverpool FC, has successfully secured a minority investment, providing a cash flow boost. With this issue resolved, FSG is shifting its focus to new investments and expansion in the sports world.
Fenway Sports Group recently closed a deal with New York-based firm Dynasty Equity for a minority investment in Liverpool. The amounted is between $100 million and $200 million.
The funds will be used to improve the financial position by paying down bank debt accrued through various infrastructure projects. It includes Anfield Road redevelopment, the AXA Training Centre in Kirkby, and the repurchase of the Melwood training facility.
This investment brings an end to the speculations around the potential sale of Liverpool by FSG. The club remains the most valuable asset in FSG’s extensive portfolio, which includes majority ownership stakes in the Boston Red Sox baseball team and the Pittsburgh Penguins ice hockey franchise.
FSG is now turning its attention to smart investments in other areas. They have expressed interest in acquiring an NBA expansion franchise in Las Vegas. Although the timeline for this decision remains uncertain.
FSG is exploring the possibility of investing in the PGA Tour, competing with other parties, including WWE and UFC owners.
This move comes in response to the PGA Tour’s recent unification with the Saudi Arabian Public Investment Fund and the DP World Tour to create a single commercial entity.
Although this deal has yet to be ratified, it has opened the door for investors interested in the PGA Tour. FSG is keen on this investment, as a result, signaling their intention to expand their presence in the world of sports.
For more sports updates, follow us on Twitter.