Fenway Sports Group chief executive Sam Kennedy has claimed he doesn’t know whether Liverpool will receive fresh investment or not.
Speaking on the Private Equity Deals Podcast with Capital Allocators, FSG’s CEO suggested that although the US-based owners have been open to the possibility of investment into the club, it still remains uncertain whether any tangible interest will emerge.
“We did a while back engage investment banks, we’ve been open about that,” Kennedy said.
“We’ve been open in our willingness to take on investment into the club, will it happen or not, I don’t know. But we share a common vision with all of our partners and that is long-term. John (Henry, FSG principal) and Tom (Werner, Liverpool chairman) have been at this for 21 years, but you would think they had been at it for 21 days. They are enthusiastic and excited for everything at Fenway Sports Group and think about what’s next.
“We do focus a lot on ways that we can help increase revenues (at Liverpool) and the growth we’ve seen over in Liverpool has been extraordinary, and I think that’s because markets like the United States are just sort of catching on to the excitement around this league.
“We’ll see what the future holds for Liverpool, but it’s been an amazing business.”
Kennedy drops Liverpool investment claim
This certainly seems like a strange topic to be talking about as the CEO of the company.
The phrase, “we’ll see what the future holds for Liverpool, but it’s been an amazing business” suggests that Kennedy may be withholding information on potential investment into the club.
The way he’s talking about the Reds almost seems like FSG’s tenure on Merseyside is coming to an end, thus implying a deal may have already been agreed.
Many Liverpool fans will be hoping this is the case, as John Henry and co evidently view the club as an ‘amazing business’, rather than a competitive sports team.
This season especially, the lack of investment into Jurgen Klopp’s squad has been hugely damaging and so clear to see.
If the Reds are going to get back competing for both the Premier League and the Champions League, a healthy transfer budget is very much needed.
As such, this isn’t a realistic possibility with FSG in charge, meaning new owners will need to come in to provide that investment.