Fenway Sports Group reportedly putting Liverpool up for sale

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Liverpool F.C., one of the most storied institutions in English football, may soon be coming under new ownership, with Fenway Sports Group—the same parent company that owns and operates the Boston Red Sox, RFK Racing and the NHL’s Pittsburgh Penguins—putting the club up for sale. The news was first reported by David Ornstein of The Athletic and later confirmed by club management, with Fenway Sports Group releasing the following statement.

FSG, led by principal owner John Henry and chairman Tom Werner, took over team control in October 2010, buying Liverpool from its previous owners, Tom Hicks and George N. Gillett, for $477 million. According to a list compiled by Forbes, Liverpool is now worth an estimated $4.45 billion, making it among the most valuable sports franchises in the world.

Liverpool has seen unprecedented success under Fenway Sports Group, winning the Champions League in 2019, which they parlayed into a Premier League title the following year. Liverpool is coming off runner-up finishes in both, falling to Real Madrid and Manchester City in the Champions and Premier Leagues, respectively. The club staged an exhibition at Fenway Park in 2019, losing 2-1 to Sevilla in a friendly attended by 35,654.

Word of FSG entertaining offers for Liverpool comes a year after Newcastle’s controversial takeover by the Saudi government, spending $409 million for an 80-percent ownership stake.

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Featured Image Photo Credit: Michael Regan, Getty Images