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Liverpool have announced a new injection of cash into the club by way of taking onboard a minority investor.<\/p>\n
Current owners Fenway Sports Group (FSG) insist that they retain a \u201clong-term commitment\u201d to the club and that the funds coming in will be used to pay down debt accrued by the organisation over the past few years, including during the Covid pandemic, as well as on capital expenditure for the expansion of Anfield stadium, the new training base at Kirkby and repurchasing their old training centre, Melwood, which is now the home of Liverpool Women.<\/p>\n
In addition, Liverpool\u2019s statement noted that \u201cacquisitions during the summer transfer window\u201d – where they spent close to \u00a3150m on Dominik Szoboszlai, Alexis Mac Allister, Wataru Endo and Ryan Gravenberch – also contributed to the debt which will be paid down through Dynasty Equity\u2019s involvement. As such, it effectively suggests the money coming in has already been outlaid by the club.<\/p>\n
There was no mention made about the total percentage of Dynasty\u2019s stake in the club, only that they were listed as having a \u201cstrategic common equity minority investment\u201d. The Telegraph <\/em>reported the value of the investment at \u201cup to \u00a3164m\u201d. In 2011, LeBron James took a 2% minority stake in the club for a reported \u00a35m – but the overall value of Liverpool FC has risen many times over since then, after winning both the Premier League and Champions League.<\/p>\n Dynasty are a \u201cglobal investment firm\u201d who focus on taking minority stakes in clubs and organisations across a range of sports. David Ginsberg is listed as a Senior Advisor of the American company, while he is also the vice chairman at FSG, Liverpool\u2019s owners, as well as vice chairman of the club itself.<\/p>\n \u201cOur long-term commitment to Liverpool remains as strong as ever,\u201d FSG president Mike Gordon said upon the announcement of the deal.<\/p>\n \u201cWe have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club\u2019s long-term financial resiliency and future growth.<\/p>\n \u201cWe look forward to building upon the long-standing relationship with Dynasty to further strengthen the club\u2019s financial position and sustain our ambitions for continued success on and off the pitch.\u201d<\/p>\n Dynasty\u2019s chief executive K. Don Cornwell added: \u201cLiverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach. Dynasty is privileged to support the club and work alongside FSG to execute on the tremendous growth opportunities ahead.\u201d<\/p>\n Join thought-provoking conversations, follow other Independent readers and see their replies<\/p>\n Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.<\/p>\nRecommended<\/h3>\n
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