They saw what Roman got for Chelsea and thought, “Hmm.” And that was a fire sale. FSG might get more.
If the objective is to sell, they also know they need to make this sale while Jurgen is there. Without him who knows how LFC will pan out
Got my ticket!
However, $1.9Billion would be received over 30 payments, 29 years, each payment going up 5% per annum. It is all taxable.
Most people would choose a cash lump sum, which would be $929M. Again, $929M that is taxable.
Mind you, I will still be happy if I win
Still minority share in the club.
Think you can share in all the money JWH makes
Super League collapse, City’s booming income and Chelsea takeover fuel Liverpool’s possible £4bn sale
Martyn Ziegler, Chief Sports Reporter
Monday November 07 2022, 6.30pm, The Times
After the swift disintegration of the European Super League in April last year, senior figures at Liverpool and Fenway Sports Group (FSG) spoke candidly of the “medium-term consequences” of the collapse.
The message was that FSG may have revived the once-ailing giant but that it had taken Liverpool as far as it could, given the challenges of competing against the resources of state-owned clubs in England (Manchester City) and Europe (Paris Saint-Germain). It was an indication that the owners would plan an exit strategy.
Liverpool’s principal owner, John W Henry, and chairman, Tom Werner, had attempted to redress the balance. The first attempt was Project Big Picture, a shake-up of English football driven by Liverpool and Manchester United that handed more power to the longest-serving Premier League clubs. One of the aims of the project was to redistribute more wealth to the EFL, but potentially the most important change was that clubs would have been able to sell their own overseas rights for eight Premier League matches a season.
For Liverpool and Manchester United, with their vast fanbases abroad, that was seen as a game-changer. However, the project failed to get across the line. Instead the two clubs turned to the European Super League.
Again, in the blueprint for that competition, was the ability of the clubs to sell the rights for four matches a season around the world. Again, the project collapsed almost as soon as it was launched, and once the owners had licked their wounds and apologised to fans it was no surprise that they started to look at life after Liverpool.
The latest financial figures announced by Manchester City will only increase FSG’s appetite to cash in on the club that it bought for £300 million in October 2010. Liverpool have been a remarkable investment, given that a sale should bring in at least £3 billion — Chelsea were sold for £2.5 billion (with the total investment costing £4.25 billion, because of a £1.75 billion provision for the stadium) and they are way behind in terms of brand value; in fact Forbes valued Liverpool at £3.89 billion in May this year.
Yet the trend of Manchester City’s financial results has provided pause for thought, and particularly their commercial income which, at £309.5 million, is now far higher than both Manchester United’s (£257 million) and Liverpool’s (£218 million). City also made a record £41.7 million profit last season, with revenues of £613 million, and somehow managed to achieve this in a year in which their wage bill remained static at £354 million, even though the number of employees — including football staff — rose from 509 to 549.
In 2017, even before City had overtaken their English rivals, Spain’s La Liga made a complaint to Uefa, pointing out that the club had “uncommonly high commercial revenue”, with several sponsors being companies “directly controlled by the United Arab Emirates”.
FSG appears to be contemplating an end to its journey. Although sources say no immediate sale is in the offing, what it will be hoping to find, via the US banks Goldman Sachs and Morgan Stanley, are business people, investment funds or consortiums willing to speculate to accumulate and put in the necessary money to compete with City, PSG and possibly in the future Saudi-owned Newcastle United.
As with Chelsea, the most likely buyers are American. The Chinese have lost their taste for football investment, while the three richest Gulf states have already made their move.
Mike Forde, the former director of football at Chelsea who sits on the advisory board of the US-based Ares Management investment fund, told The Times last month that even the £2.5 billion paid for Chelsea by the Todd Boehly and Clearlake-led consortium is seen as good value.
The view is that streaming platforms will drive future income growth. “All the streaming platforms are trying to get content to make their offering more attractive and grow their audience, and sport is the main live content available,” Forde said. “The Premier League is a huge part of that.”
Colin Neville of the Raine Group, the US firm that was given the task of finding a buyer for Chelsea, said last month that big Premier League clubs are “once in a lifetime kind of assets” which drive “a tremendous amount of interest”.
José Feliciano, of Clearlake Capital, believes that Chelsea can double their revenue. “These are global businesses,” he told a Bloomberg investment event. “We think we have an incredible opportunity to double revenue. We think we have one of the best media properties and sport properties in the world where we can get to £1 billion of revenue.”
The other factor that piques American interest is that the NFL has TV income worth more than $10 billion a season, three times as much as the Premier League, and yet football has far greater global appeal.
For all those reasons there are sure to be many suitors lining up for Liverpool. The only question is how much they are willing to pay
I will phone him up later, but first, I’m waiting to see if I win the Powerball
would not be surprised if this thing is much much further along than is being reported
Liverpool up for Sale is great news for them. Huge wealth will be lining up to buy them and then they’ll become the next City or Newcastle but with the history to back it up. Whilst United continue to sink under the greedy Glazers. Mark Goldbridge.
In the end, I think the threat of Newcastle is likely to have compelled them to consider all options, including whether or not it is time to take the money off the table. A year or two from now, they could have an EL team and be looking for a new manager, along with facing the need to retool the team. FSG have never been truly comfortable with the lack of cost containment in football, but the last 5 years have seen a decoupling of capital flows from revenue.
I was thinking same thing. Another stumbling block to the top 4 prize money, and if you try and stay fiscally conservative in case you don’t land in top 4, the tar and feathers are out. If you go for it and don’t make it…you’re losing money. It’s more competitive than ever to get a top 4 spot and all attempts by owners of the ‘big clubs’ to secure a larger slice of the pie have fallen flat (thankfully). FFP is a thing of the past and FSG must be looking around after forced Chelsea sale was over 4 billion (with the stadium costs) and think, OK, now is the time. Let’s cash out before Newcastle become another City.
That doesn’t really make sense imo. Ornstein’s info is leaked by FSG or subsidiaries, nothing else makes sense.
It does makes sense because that is the usual process for big organisations and media. As @redalways says, journalists will normally contact the subject of their article for confirmation or quote. Such a story would always generate interest from other outlets who would then look to follow up with the club.
When do the barbeque invites go out?
I’m pretty much done with top-flight footie anyway to be honest! I think that letting these disgusting regimes pour their blood money into the game is completely revolting, and FIFA etc are equally so. Qatar is a good place to hold the football showcase? A country that has absolutely zero to do with the game? I want no part of this. If these regimes didn’t have oil their rulers wouldn’t even be allowed to set foot in the UK. Fuck these dusty backwards cunts. Seriously, fuck these cunts. If our club is sold to these complete pieces of shit then it enters a new era which I don’t want any part of.
Just PM SMTM
Right now, LFC is in great shape for a buyer who is willing to think in terms of spending big to win big, nowhere near the kind of fixer-upper that Toon is. This is probably the peak of value.
I was thinking Amazon or connections to them, the decoupling of TV rights is coming and they’ve got their feet in the door. Another one is Disney. Boehly will only add tô this chorus.
I do think it will be American
There are American investors getting a 5 billion bid ready to buy the Phoenix Suns of the NBA, some of those groups could and probably will be willing to look at LFC.