8 C
London
Saturday, April 20, 2024
HomeNewsLiverpool owner valued at ‘over $7bn’ in investment deal: Report

Liverpool owner valued at ‘over $7bn’ in investment deal: Report

Related stories

J&K police release list of seized assets used for terrorism

Jammu, Feb 16 : The police in Jammu and...

Israel says 4 mln citizens vaccinated against Covid-19

Jerusalem, Feb 17 : Israeli officials announced that some...

Hungary to receive first shipment of Chinese vaccines

Beijing, Feb 17 : A Hungarian cargo plane loaded...

London, March 2 : Liverpool owner Fenway Sports Group (FSG) is on the verge of selling a 10 per cent stake to private equity firm RedBird Capital Partners for around US$750 million, a report said.
The deal with RedBird, which was founded in 2013 by former Goldman Sachs banker Gerry Cardinale, would value the owner of Premier League champions Liverpool and Major League Baseball’s (MLB) Boston Red Sox at “more than $7 billion”, a report on sportspromedia.com said quoting Sportico.com.
“Cardinale has been linked with a minority stake in FSG for some time. It was initially reported that he was trying to acquire a share in the group through RedBall Acquisition Corp, a special purpose acquisition company (SPAC) he established in July alongside baseball executive Billy Beane,” the report said.
“Talks between FSG and RedBall ended in January, although Axios reported at the time that an ‘alternative investment’, structured like a more traditional private equity deal, remained possible,” it said.
Disclaimer: This story is auto-generated from IANS service.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories