FSG CEO: I don’t know if it will happen

He spoke to the Private Equity Deals Podcast with Capital Allocators

(Photo by John Tlumacki/The Boston Globe via Getty Images)Boston Globe via Getty Images

Fenway Sports Group CEO Sam Kennedy has admitted that he does not know if Liverpool FC will receive the investment it is looking for.

Kennedy is also the President of the Boston Red Sox.

It was revealed late in 2022 that FSG were looking for investors to come into the club to take the club forward.

Since then various reports have circulated about the potential investment the club could receive. Some reports suggested FSG wanted a full sale, others suggested they wanted to sell a minority stake only.

Now Kennedy has shed some light on the current situation. He spoke to the Private Equity Deals Podcast with Capital Allocators, as reported by The Liverpool Echo.

We did a while back engage investment banks, we’ve been open about that,” Kennedy

We’ve been open in our willingness to take on investment into the club, will it happen or not, I don’t know. But we share a common vision with all of our partners and that is long-term. John (Henry, FSG principal) and Tom (Werner, Liverpool chairman) have been at this for 21 years but you would think they had been at it for 21 days. They are enthusiastic and excited for everything at Fenway Sports Group and think about what’s next.

“We do focus a lot on ways that we can help increase revenues (at Liverpool) and the growth we’ve seen over in Liverpool has been extraordinary, and I think that’s because markets like the United States are just sort of catching on to the excitement around this league.

“We’ll see what the future holds for Liverpool but it’s been an amazing business.”

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