FSG feel this is the right time to sell Liverpool
Karan Tejwani
- Updated: 7 Nov 2022 13:59 GMT
- 4 min read
Earlier today, it was revealed that Liverpool were up for sale by the Fenway Sports Group and they are open to offers, which could soon end their 12-year ownership of the club.
FSG bought Liverpool in October 2010 at a time where the club was in turmoil both on the pitch and off the pitch, and all things considered, they have had a successful time since.
They ended Liverpool’s 30-year top-flight title drought in 2020, won every possible trophy including the Champions League in 2019 and became one of the world’s top clubs again.
READ: Liverpool's poor transfer planning has Klopp suffering from success
Now, while a reason for the decision hasn’t been given, there could be a few reasons as to why such a decision has been made.
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FSG will have reasons for sale
Firstly, the obvious one would be that they must feel they have taken the club as far as they can and they will only focus on their American franchises from now on.
In 12 years, FSG have taken Liverpool from the struggles of the bottom half of the Premier League to one of Europe’s premier clubs and they feel they have achieved all they could.
READ: Klopp has 'no intention of resigning from Liverpool' says his agent
The bigger reason could be financial, though, as FSG may feel they will not get a better chance to cash in on Liverpool than now.
They bought the club for roughly £300 million in 2010, and Liverpool are now valued at over 10 times that – they will make a healthy profit on their initial investment.
However, with the weak rate of the British pound, they will make slightly less money than they ideally would have a few months ago, and they wouldn’t want to lose more.
British assets are being sold for cheaper than before and that is affecting foreign owners, like FSG, who will have taken Chelsea’s example from a few months ago.
Chelsea, for example, were sold for $3.15 billion back in May, but had they waited a few months, they would’ve gone for much lesser than that.
A potential financial crash in the near future could further affect that, and they will want to make as much money as possible before going.
Fenway Sports Group deserves credit for taking Liverpool from the brink of administration to where it is today. They've implemented a strategy + an organization that has seen tremendous growth. However, seen to the increased level of spending in the league, new owners are needed.
— Maxi (@MaaxiAngelo) November 7, 2022
Finally, there must be a realization that they can’t compete with state-backed clubs within the Premier League and Europe, such as Manchester City, Newcastle and Paris Saint-Germain.
City, in particular, have been a problem for Liverpool as they’ve gone one step further in the fight for major trophies in recent times, and Newcastle could be another problem soon.
On the whole, FSG contributed plenty to Liverpool’s recent history and success and while some wanted them gone, things may not be rosy on the other side.
Read more about: Premier League, Liverpool
