Fenway Sports Group has sold a minority stake in Liverpool to the US private equity firm Dynasty Equity. The deal endsFSG and Dynasty, an investment firm that specialises in buying minority stakes in sports franchises, have not revealed the financial details of the deal but it is in the region of $100m-$200m . The investment does not equate to a “transfer war chest” for the manager, Jürgen Klopp.
FSG’s president, Mike Gordon, said: “Our long-term commitment to Liverpool remains as strong as ever. 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 longstanding relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.
Dynasty is run by its co-founders, Jonathan Nelson and K. Don Cornwell. The pair were experienced investors in sports and entertainment before establishing the company, including through collaborations with leagues and franchises. “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,” said Nelson, Dynasty’s executive chairman.