Fenway Sports Group Holdings LLC is working with Goldman Sachs Group Inc. and Morgan Stanley as it gauges buyer interest in the English Premier League team, the people said, asking not to be identified discussing confidential information.
Best known in the US as the owner of the Boston Red Sox baseball team, Fenway Sports took over Liverpool for about £300 million inin what was a forced sale by the American businessmen George Gillett and Tom Hicks. That raises the prospect of one of the biggest ever returns on an investment in a sports asset, with GlobalData analyst Conrad Wiacek estimating that Liverpool could fetch more than $5 billion.
“This would be mission accomplished as far as Fenway Group is concerned,” said Christina Philippou, principal lecturer in accounting, finance and economics at the University of Portsmouth. “The capital growth on this deal will be massive.”Liverpool is one of the biggest teams in world football and, along with northwest rivals Manchester United FC, one of England’s most successful. The club has wontop-flight league titles and numerous trophies in European competitions.
Investors from America and the Middle East are likely to be among those interested in buying Liverpool given their strong appetite for exposure to the world’s richest football league. The last two years have already seen the high-profile
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