LIVERPOOL have sold a minority stake in the club worth £164million to sports investment company Dynasty Equity.
The Reds' owners Fenway Sports Group will remain the majority stakeholders at Anfield.
But according to The Telegraph, Dynasty Equity has now acquired a percentage of the club.
It is understood the stake does not give the New York-based firm any say in the day-to-day running of the club.
However the cost of the minor stake suggests Liverpool's total value is estimated at more than £5billion.
A statement from Liverpool read: "The minority investment will primarily be used to pay down bank debt incurred during the COVID-19 pandemic and capital expenses made to enhance Anfield, build the AXA Training Centre, repurchase Melwood training ground and, most recently, acquisitions during the summer transfer window.
READ MORE IN FOOTBALL
MANAGER MADNESS
Celtic boss Rodgers rushes on pitch & SHOVES steward to 'rescue' young fan
I'VE GOT A TEXT!
How to join The Sun's brilliant new WhatsApp channel in three easy steps
"Longer term, the partnership between Dynasty and FSG will also explore further growth opportunities for Liverpool FC."
Dynasty Equity's website details their company strategy.
It reads: "Dynasty Equity is a private equity firm focused on acquiring minority interests in sports franchises and other related assets.
"Established with a deep foundation in investing and sports, our strategy is to build enduring partnerships and to provide solutions that drive results."
Most read in Football
BALLSED UP
Fans claim Carabao Cup draw is ‘rigged’ as Newcastle tie AGAIN raises eyebrows
CARABAO CUP DRAW
Man Utd get TWELFTH straight home cup tie & Arsenal face big London derby
CUP FOR IT
Man Utd host Newcastle, Arsenal take on West Ham, Chelsea face Blackburn
BEN AND GONE
Chelsea suffer another huge injury blow as Poch gives worrying Chilwell update
The company's co-founders are Jonathan Nelson and K. Don Cornwell – who also act as the executive chairman and chief executive officer.
Back in November 2022, Fenway Sports Group put Liverpool up for sale after 12 years in command.
CASINO SPECIAL – BEST CASINO WELCOME OFFERS
An FSG statement to The Athletic said: "There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.
"FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool.
"FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club.
"FSG remains fully committed to the success of Liverpool, both on and off the pitch."
It was estimated the club could be sold for as much as £4.4billion.
However, FSG founder John W. Henry made a U-turn on a potential sale in February.
He said: "I know there has been a lot of conversation and quotes about Liverpool Football Club, but I keep to the facts: we merely formalised an ongoing process.
READ MORE SUN STORIES
CRAZED BEAST
XL Bully ate my thumb & mauled hubby – he punched it 30 TIMES to make it stop
fresh start
Inside This Morning's backstage area where Phillip Schofield has been 'erased'
"Will we be in England forever? No. Are we selling LFC? No. Are talking with investors about LFC? Yes.
"Will something happen there? I believe so, but it won't be a sale. Have we sold anything in the past 20-plus years?"
Source: Read Full Article
