American sports investment firm Dynasty Equity has bought a small stake in Premier League giants Liverpool.
According to The Athletic’s James Pearce, the deal is worth between $100m and $200m. Based on Forbes’ $ 5.3 billion valuation of Liverpool, that represents a minority share of 1.9 percent and 3.8 percent.
Liverpool owner Fenway Sports Group (FSG) has sold a small stake in the club to American sports investment firm Dynasty Equity.#LFC
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Dynasty Equity buys share in Liverpool
It was revealed last year that Liverpool’s Boston-based owners Fenway Sports Group, who bought the club in 2010, were open to offers for a full sale.
However, it soon became clear that selling a minority stake had become their favored option and they have now linked up with the New York-based Dynasty Equity, which was founded last year.
FSG president Mike Gordon assured Reds fans, “Our long-term commitment to Liverpool remains as strong as ever”.
Meanwhile, in a public statement, Dynasty Equity CEO K.Don Cornwall added, “Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach. Dynasty is privileged to support the club and work alongside FSG to execute the tremendous growth opportunities ahead.”