Fenway Sports Group have confirmed a deal that will see RedBird Capital acquire more than 10 per cent of the Liverpool owners' company and invest $750m (£538.6m) into FSG. The investment is based on an enterprise valuation for FSG of $7.35billion (£5.38bn) and also sees a formal welcoming on board for basketball superstar LeBron James, his associate Maverick Carter and their longtime business partner, Paul Wachter. The new investment is expected that it will remove the risk of Liverpool’s plans to redevelop the Anfield Road Stand. It is also set to allow for funding to sign new players in the summer transfer window and beyond. FSG’s principal owner John W Henry, chairman Tom Werner and president Mike Gordon said in a statement: “Our strategic partnership with Gerry [Cardinale – founder and managing partner of RedBird], and the entire team will enhance our ability to pursue future growth opportunities in a more accelerated way but with the same selectiveness that has served us so well. “We are also pleased to welcome to our ownership group LeBron, Maverick and Paul, with whom we have enjoyed a successful collaboration for well over a decade. Their addition is an important milestone for FSG and expands and deepens a long-time friendship and relationship that began in 2010. “To our fans and supporters: Winning continues to be the driving force for all of us. The growth of FSG as an organisation allows us to further strengthen our resources and commitment to the communities we serve, and we look forward to having these talented new partners join us in the next chapter of FSG’s evolution.”
Source: ThisIsAnfield/ *Join us on Telegram!/ Follow us on Twitter!