According to Liverpool’s owners Fenway Sports Group (FSG), the sports investment group Dynasty Equity has acquired a small minority share in the Premier League team.
Although no financial information was provided, the minority stake was reportedly sold for between $100 million and $200 million, according to British media.
The investment, according to FSG, will be mostly used to pay off debt incurred as a result of the COVID-19 outbreak, stadium expenses to increase Anfield’s capacity, expenses for establishing their new training center, repurchasing their old Melwood training facility, and summer transfers.
According to a statement from FSG president Mike Gordon, “our long-term dedication to Liverpool remains as strong as ever.”
“We have always stated that if an investment partner exists that is suitable for Liverpool, we will pursue the chance to assist in ensuring the club’s long-term financial stability and future expansion.
“We look forward to building on the long-standing relationship with Dynasty in order to strengthen the club’s financial situation and sustain our aspirations for continued success on and off the field,” the statement reads.
Cody Gakpo was acquired by Liverpool in January, followed by the additions of Alexis Mac Allister, Dominik Szoboszlai, and Wataru Endo in the summer, for a total of over £200 million.