Liverpool is a football club with a rich history and traditions.
There is a certain way of doing things on Merseyside and that applies to the football club in many ways. The Reds have always brought through players from their academy and there always needs to be a group of local stars representing the fans in the Liverpool squad.
Fenway Sports Group have taken a cautious approach since taking over Liverpool in 2010 and have made the club a self-sustainable business, which match-going fans will appreciate as there is no risk of their club running into financial trouble.
Man United have taken a different approach to Liverpool and their willingness to splash the cash on players has now come back to bite them.
FSG have also made mistakes in the past but have corrected them after backlash from supporters. Jamie Carragher has shown support to Liverpool’s owners as many fans have misconceptions about how they run the Premier League leaders.
The American owners continue to look into the multi-club model approach seen at Chelsea and Man City and it will be interesting to see fans’ reactions if they buy a new team.

FSG continue to explore a multi-club model for Liverpool
The multi-club model has been explored by Liverpool in the past with FSG linked to buying KV Oostende in Belgium and AS Saint-Etienne and Girondins de Bordeaux in France.
According to The Athletic, Michael Edwards is still looking into multi-club model opportunities and has only gotten involved with Liverpool for major financial decisions. When the club generate money, it’s up to Richard Hughes and Edwards to decide how it is reinvested.
The report also states that Arne Slot also has a major say in who he wants in his squad — although, as a head coach, he is not as deeply involved as former manager Jurgen Klopp had been.
This influence may also decrease if the Merseyside club sign another club as the hierarchy at Anfield will want to send young stars out on loan and maybe promote players from that club into the Liverpool squad.
Man City and Chelsea have also taken this approach and it has had different results at each club, which is something Liverpool need to be wary of.
Liverpool need to learn from Chelsea on multi-club journey
Chelsea have been a bit of a mess since the club was taken over in 2022 by BlueCo, the company the Todd Boehly-Clearlake Capital consortium created when buying the Blues, and one thing they implemented was the multi-club model.
BlueCo bought Ligue 1 side Strasbourg and their arrival received backlash from fans as they knew they would become a feeder club for the Premier League giants.
This first of all is something Liverpool fans would have a problem with as supporters of the Reds would hate to see that outcome happen to their club.
| List of Multi-club models in Europe |
| City Football Group: Owns Manchester City, New York City, Girona, and others |
| Red Bull Group: Owns RB Leipzig, Red Bull Salzburg and New York Red Bulls. |
| BlueCo: Owns Chelsea and RC Strasbourg |
| Pozzo Family: Owns Udinese and Watford |
| 777 Partners: Owns Hertha Berlin, Genoa and Standard Liege. |
Chelsea signed Mamadou Sarr from Strasbourg in January, while the London outfit have used the French club to hand experience to players such as Andrey Santos, Caleb Wiley and Djordje Petrovic.
These deals have not worked out for Chelsea and the whole approach at Stamford Bridge has been a disaster since 2022.
Liverpool is a more stable club for this model to work, which has been successful at Man City, but it remains a risk and an approach that could receive backlash from fans.
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