Liverpool have gone from rags to riches since FSG took over the club in 2010. The Boston based firm took over a club in dire straits and transformed us into a European powerhouse again. The company were recently alleged to be in talks over a cash injection. According to Axios, the FSG deal with Red Ball has collapsed.
FSG transformation
Back in October 2010 Liverpool were in dire straits financially.
The club had been saddled with debt by Tom Hicks and George Gillette and we were staring down the barrel of administration.
FSG (then NESV) arrived like knights in shining armour, buying the club for £300m.
Since then the owners have overseen a top to bottom transformation of the club both on and off the pitch.
Recruitment has gone from a scattergun approach to a more precise, data driven model – one which has been incredibly successful.
The club is more profitable than ever and fans are more optimistic than they’ve been in decades.
FSG and Red Ball deal collapses
Months ago we reported that Moneyball inspiration Billy Beane was heading up a SPAC with an interest in the Reds.
FSG were allegedly in talks with the Red Ball investment group with the Beane fronted businessmen looking to acquire a 25% stake in the Liverpool owners’ company.
With FSG valued at around $8bn, this would’ve amounted to an investment of around £1.5m depending on how Brexit has skewed the pound that day.
According to Axios, the deal has collapsed with Red Ball unable to raise enough capital to reach the valuation.
What RTK has to say
This is a real shame.
The collapse of the FSG and Red Ball deal could seriously dent the Reds’ transfer plans.
A £1.5bn investment into FSG could’ve allowed greater maneuverability in the transfer market.
The owners have been notoriously tight with their wallet, selling before buying and not opting for the megabucks buy.
This investment could’ve helped open the chequebook up at a time when we need a big buy desperately.
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