Liverpool owner John Henry is reportedly taking a huge step in the business world which could worry some supporters of the Anfield club.
Henry’s new business venture
The American billionaire took control of the Merseysiders back in 2010 after taking over from the disastrous reign of Tom Hicks and George Gillett, with the Reds perilously close to going into administration at the time.
Henry’s investment into the club over the years has helped transform Liverpool into an elite footballing outfit under the command of manager Jurgen Klopp, ending their 30-year wait for a league title in the process.
Would merging with RedBall be a good move for Liverpool?
However, the 71-year-old’s ambitious mindset has come to light once more as his next move could have huge implications for the businesses that he already owns, including Major League Baseball outfit Boston Red Sox.
According to the Wall Street Journal, Henry is looking to take the Fenway Sports Group (FSG) to the stock market. To assist with this venture, he has been in talks to link up with RedBall Acquisition, who would value FSG at around $8bn (£6.35bn) including debt.
The report adds that RedBall, which raised $575m (£485.97m) in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1bn (£845.17m) to purchase a stake of less than 25% in Fenway Sports Group.
That might not mean an awful lot to English football fans but there is one name which may ring a bell. Former Premier League chief executive Richard Scudamore linked up with RedBall in August as the company seeks to buy a team in England’s top flight, as per SportsPro.
Serious concern for supporters
The more non-footballing brains that are around Henry, the greater the concerns could be for Liverpool and the Kop faithful.
Having conquered England and Europe in the space of two seasons, Klopp will want to keep his team at the top for as long as possible. However, if individuals who have not previously worked in football start getting their hands dirty in business which doesn’t concern them, it could spell trouble in the long-term.
While Henry has done a lot of great things for the club, he has also made some questionable decisions, including planning to charge fans £77 for tickets in the new Main Stand at Anfield, trademarking ‘Liverpool FC’ and furloughing staff, which forced him into U-turns after widescale fan backlash,
If RedBall employees become minority shareholders at the club, it could be a cause for concern. Liverpool need to protect everything right now that’s going on in and around the football club.
Liverpool fans, what are your thoughts on John Henry’s latest business venture? Join the conversation by commenting below…
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