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Liverpool could be poised for a very interesting summer after Fenway Sports Group finally confirmed their £530m deal with American Gerry Cardinale.
The tycoon’s RedBird Capital partners have struck gold in purchasing an 11 per cent stake in the group.
The huge deal with the Reds’ owners has been in the works for some time, and now a spokesperson for FSG principle owner John Henry has spoken out on the agreement.
It has been said: “The deal is part of an ongoing strategic alliance between the two companies that will focus on the active pursuit of growth opportunities for FSG.
“The partnership with RedBird will enhance the company’s ability to develop and launch new businesses modeled after successful growth companies built by Gerry Cardinale and RedBird.
“FSG and RedBird will also develop opportunities for strategic acquisitions in sports, including teams and venues, media and related businesses that enhance or extend FSG’s existing platform.”
The deal subsequently values FSG at a whopping £5.35bn – so are Liverpool in for a big boost to their transfer warchest?
Jurgen Klopp will have been keeping a close eye on proceedings behind the scenes.
But unfortunately for the manager after his side’s tough season, money will be going towards other areas as opposed to a sudden cash injection into the Reds’ budget for new signings.
The half-a-billion boost in revenue will allow FSG to reduce debts as a priority.
Liverpool, like many football clubs across the world, have been hit hard financially from the Covid-19 pandemic, despite the team’s success on the pitch last term winning the title.
As a result, the club have been carrying extra debt which has reached at least £120m over the past 12 months, the Mirror say.
No fans being at games has hurt them at Anfield, so fans cannot expect a huge outlay in the transfer window this summer.
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However, that’s not to say Liverpool owners FSG will be keeping their money in their pocket following their net spend of around £35m across last summer and this January.
Henry and his fellow FSG shareholders aim to use Cardinale’s experience in the sports business to expand their franchise, which also owns baseball’s Boston Red Sox.
Alongside that expertise, the Reds will have some money to spend following the much-needed investment.
Liverpool bought Diogo Jota from Wolves and Thiago Alcantara from Bayern Munich in last summer’s transfer window.
And they are already planning ahead for the end of this season with RB Leipzig centre-half Ibrahima Konate being lined up.
The 21-year-old French talent looks poised to become Liverpool’s first recruit this summer for around £34m.
Claims in France suggest he has even already passed some medical tests with the Reds ahead of a move that can be considered bargain business for a player with a growing reputation.
Klopp does not want to be left high and dry in defence next season after the team’s injury woes this term, which have hurt Liverpool badly.
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The Reds sit seventh in the table with nine games left to play, while they are also in the Champions League quarter-finals, with a two-legged tie against Real Madrid to come in early April.
Qualification for next season’s Champions League will impact their budget and attractiveness to potential targets.
Space will likely become available in the squad, though, with Liverpool ready to sell more players like Xherdan Shaqiri and Divock Origi.
That will help bolster their budget, just like the sale of Rhian Brewster to Sheffield United did last summer, with a lot likely to depend on any big departures too – eyes will be peeled on developments regarding Mohamed Salah's future.
While they have short-term problems to consider, Cardinale’s investment will provide long-term help.
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