Indian mogul Ambani in talks to buy Liverpool

Article posted by Coliseum, November 17^th, 2022

Image: Coliseum GSVA

Indian billionaire Mukesh Ambani is in negotiations to buy the Premier League club Liverpool F.C. (UK) from John Henry and the Fenway Sports Group.

‘FanNation’ stated that the Liverpool Football Club may come under new ownership in the coming weeks/months. After recent news of FSG looking for investors has now turned into a full sale of the club.

The Liverpool Football Club is a professional football club based in Liverpool, England (UK). The club competes in the Premier League, the top tier of English football. Founded in 1892, the club joined the Football League the following year and has played its home games at Anfield since its formation.

The Anfield is a football stadium in Anfield, Liverpool, Merseyside, England, which has a seating capacity of 53,394, making it the seventh largest football stadium in England (UK). It has been the home of Liverpool F.C. since their formation in 1892.

Apart from the National Basketball Association (NBA) team Los Angeles Clippers owner Steve Ballmer being linked with the purchase of Liverpool, Indian billionaire Mukesh Ambani, who owns the Indian Premier League (IPL) side Mumbai Indians, is also in the running to become the new owner.

‘FanNation’ further stated that Ambani, who is the eighth richest person in the world, and runs the Indian Super League (ISL) (men’s professional top tier football league in the Indian football league system), could be the ideal candidate to take Liverpool back to the top.

The Mumbai Indians owner has an estimated worth of $90.7bn and will need to pay a reported £2.7bn to become Liverpool’s new owner.

It is also being reported that Ambani is willing to pump money into the club and back Liverpool F.C. Manager Jürgen Klopp in the transfer window, thus enhancing the ambitions of the club.

‘The Economic Times’ stated that the English Premier League giants have been put up for sale by their current owners – the Fenway Sports Group (FSG) – who bought the Merseyside club in October 2010 and have reportedly appointed New York (US)-based investment banking company Goldman Sachs and the American financial services company Morgan Stanley to assist them in selling the team.

Boston (US)-based the Fenway Sports Group Holdings, LLC, is the parent group company of the Major League Baseball (MLB) team Boston Red Sox, the Premier League club Liverpool F.C. and the National Hockey League’s (NHL)’s Pittsburgh Penguins.

‘The Economic Times’ further stated that the Fenway Sports Group is willing to sell the club for four billion British pounds.

A statement sent out by the Fenway Sports Group read, “There have been a number of recent changes of ownership and rumors of changes in ownership at English Premier League (EPL) clubs and inevitably, we are asked regularly about Fenway Sports Group’s ownership in Liverpool. The Fenway Sports Group has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool. The Fenway Sports Group 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.”

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