What was the point of the video there Sky? Presenter just said āA consortium led by former QPR co-owner Amit Bhatia is in talks to buy a minority stake in Liverpool FCā 4 times with a little variation each time.
The last time the club sold a minority stake, it was to Dynasty in September 2023. According to Dynasty then;
The investment will primarily be used to pay down bank debt incurred during the global pandemic and capital expenses made to enhance Anfield Stadium, build the AXA Training Center, repurchase Melwood training ground and, most recently, acquisitions during the summer transfer window. Longer term, the partnership between Dynasty and FSG will also explore further growth opportunities for Liverpool F.C.
I assume it would be much the same, chunk of cash to clear down any debt, and allow for continued growth.
Iām intrigued as to what the possible permutations might be. Bhatia is the son in law of Lakshmi Mittal, who is worth 26Billion. He has the backing of the family.
When Dynasty invested is was for 2-300M (I can look it up, but it was that sort of sum).
Talks with Bhatia are over a āsignificant minority stake.ā I take that to mean a much higher level than Dynasty, but we will see.
Apart from waiting to see what the level of investment will be, Iām also wondering if there will be a mechanism for a complete buy-out, in time?
John Henry and many of the FSG people are old people. At the least, a significant minority sale should see them reap some of the rewards of their shrewd investment, so I can see the appeal for them.
But as ever, Iām wondering what the mid-to-long term game is.
ChatGPT tells me there was speculation about Mittal Sr, I guess this guyās FiL, being interested but it never amounted to anything.
The interesting thing about this is its another remnant of āFSG is putting Liverpool up for saleā stories from a few years ago. They were based entirely on learning that a couple of investment banks had been hired to put together pitch decks for prospective investors, which is a huge leap to make from that evidence. FSG utterly rejected the stories, and reiterated what they had said since day 1, that they were always interested in bringing in new strategic partners where they could be found, and this was just part of that process.
Makes some sense. FSG are still largely US focused with many of their top team who were instrumental in buying our club getting on in age. Selling 30% for that sort of Money both raises cash for the group but also helps puts a price on the rest of the club.
Also opens the door to prospective sale to the consortium down the road given how wealthy the Mittels are, and in the meantime presumably greater presence of owners in England (Iām assuming Amit and some of the others in the consortium are based in the UK?)