Fenway Sports Group have sold a minority stake in Liverpool, worth between £82m and £164m, to Dynasty Equity, revealed a statement on the club’s official website on Thursday afternoon.
The cash boost from the global sports investment firm “will primarily be used to pay down bank debt incurred during the COVID-19 pandemic”, said the English giants.
The statement also revealed that the minority investment will be used to aid with the “capital expenses made to enhance Anfield, build the AXA Training Centre, repurchase Melwood training ground and, most recently, acquisitions during the summer transfer window.”
FSG, who purchased the Reds in a £300m deal in 2010, said that they remain ‘as committed to Liverpool as ever’.
“Our long-term commitment to Liverpool remains as strong as ever,” FSG president Mike Gordon has said. “We 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’s long-term financial resiliency and future growth.
“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
Meanwhile, Dynasty executive chairman Jonathan M. Nelson added: “We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams.”
Dynasty chief executive officer K. Don Cornwell also said that the company are “privileged to support the club”.
“Liverpool 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,” he said in the statement published on Liverpool’s official website.
Liverpool’s failure to qualify for this season’s Champions League has seen the club’s finances take a huge hit, with the Reds instead competing in the Europa League.
Jurgen Klopp’s side have made a strong start to the 2023-24 campaign, though, picking up 16 points from their opening six Premier League matches, which has left them second in the table.
The Merseyside outfit also beat LASK Linz 3-1 in their opening group-stage fixture in the Europa League.
Liverpool have actually won each of their last four matches 3-1, including against Leicester City in the third round of the EFL Cup on Wednesday night.
The Reds will be bidding to make it eight straight victories in all competitions when they head to Tottenham Hotspur in the Premier League on Saturday.