Liverpool owner Fenway Sports Group sells minority stake to U.S. sports investment firm Dynasty EquityLiverpool owner Fenway Sports Group has sold a small stake in the club to American sports investment firm Dynasty Equity., that represents a minority investment of between 1.9 per cent and 3.8 per cent.
revealed last November that the Boston-based group, who bought Liverpool for around £300m in 2010, were open to offersHowever, by January it became clear that selling a minority stake rather than a full takeover was their favoured option and they held talks with a range of interested parties before deciding to link up with Dynasty Equity. Morgan Stanley and Goldman Sachs served as financial advisors to FSG on the transaction.
“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.” New York-based Dynasty Equity was co-founded by Jonathan M. Nelson and K. Don Cornwell last year and this is their first major sports investment. David Ginsberg, who is vice-chairman of FSG, is also a senior advisor at Dynasty.
“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 Dynasty executive chairman Nelson.Dynasty CEO Cornwell added: “Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach.
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