$4 Billion Worth American Owner and LeBron James Face Major Setback After Putting $4.45 Billion Liverpool on Sale

Liverpool is struggling on and off the field. The club is striving for points on the field and the suitors off the field. It’s been over three months now. FSG, where NBA superstar LeBron James has stakes, has put the club up for complete or partial sale.

Liverpool is yet to attract potential suitors for various reasons. The way the team is currently playing has been one of the reasons, along with the issues surrounding the global economy. Also, The Reds’ arch-rival Manchester United, another club on sale, has indirectly affected the suitors for the club.

FSG, where LeBron James has a minority stake, struggles for suitors 

A few months back, FSG, who owns Liverpool, put the $4.45 billion valued club for sale. To facilitate the process of the sale, they hired the services of the investment banks Goldman Sachs and Morgan Stanley. They are open to the complete or partial sale of the club, with the latter being the preferred one. 

However, it has been three months, and the club is yet to get any valid offers from potential suitors. Although FSG has had discussions with a few, there hasn’t been any movement on that front so far. It will be interesting to see how things pan out for the Merseyside club, which is struggling for form on the field.

There were reports FSG had held talks with two consortiums last year from the middle-east. One was from Saudi Arabia, and the other was from Qatar. The Qatar Investment Authority is interested in buying controlling stakes, whereas FSG prefers to sell minority stakes initially.

The US Investment firm RedBird Capital Partners, which owns 11% stakes in FSG, is also considering increasing its stakes. There have been reports of talks being held between the two. RedBird doesn’t want to buy outright majority stakes, and FSG is also preferring selling minority stakes to inject money into the club and retain ownership. Only time will tell whether the RedBird deal goes through or not.

Liverpool is having an unforgettable season

Liverpool has got off to a disastrous start to the season. They are 10th in the table with 29 points and are already 21 points behind league leaders Arsenal with half the season to go. They are out of the FA Cup and League Cup. 

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They will play the current European champions Real Madrid this month in the round of 16. It remains the only competition where they can win the trophy. But looking at their struggles coupled with injuries, it looks difficult for the club to revive their season. 

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With the club struggling on the field and finding proper suitors for the club, only time will tell when Liverpool will end their woes. Let us know in the comments below your thoughts on the struggles of the club where LeBron James has a minority stake.