Liverpool fans in the Transfer Tavern were sent into a frenzy yesterday, speculating what could be on the cards for their club, amidst news of a takeover bid. However, it seems there will be no changes.
The Liverpool Echo says the current Reds majority shareholders, the Fenway Sports Group, are not interested in cashing in on the Merseyside outfit, whilst a financial expert has described the bid as on the low side.
Reports this week suggested a Chinese consortium is keen on taking over at Anfield, in a deal said to be worth around £700m, but Liverpool-based financial expert Joe Beardwood believes the figure in question is too low.
“I’d be surprised if Fenway wanted to sell now but like everyone there will come a point where the numbers are just that big you can’t ignore it. We’ve seen China suddenly emerge over the past 12 months as a major financial force in football. It’s as if the government has suddenly decided to spend a shed load of money to take football seriously and do whatever it takes.”
“To have one of Europe’s big five football brands under the ownership of a Chinese business would be a great coup for them. It will depend on what Fenway’s agenda is and where they see their cut-off. They’ll have a value in their own mind over when they’ll cash in.”
“It feels to me £700million in this climate is on the low side. But that’s based on an assumption of being associated with a great brand to give their company a lot of good publicity. You’ve got to realise that most UK sports fans now know who Fenway Sports Group are.”
Our landlord agrees, believing there’s no chance FSG will sell, though he’s not ruling anything out in the modern football climate.
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