Featured image credit: Jonny Gios on Unsplash
Global sports investment firm Dynasty Equity has today (Thursday) completed a strategic common equity minority investment in Liverpool, with owner Fenway Sports Group insisting that its commitment to the Premier League club remains “as strong as ever”.
Liverpool said the investment from New York-based Dynasty will primarily be used to pay down bank debt incurred during the COVID-19 pandemic and capital expenses made to expand Anfield, build the AXA Training Centre, repurchase the Melwood training ground, and acquisitions during the summer transfer window.
The club’s Anfield Road Stand expansion project has been delayed in recent months due to the financial problems faced by Buckingham Group Contracting, the developer that had been leading the project.
After Buckingham entered administration earlier this month, Liverpool confirmed the appointment of Rayner Rowen Construction to deliver the final stages of the building work. Buckingham had been overseeing the £80m (€92m/$98m) expansion of the Anfield Road Stand, which will increase the stadium’s overall capacity by 7,000 seats to 61,000.
Liverpool did not disclose financial terms of the Dynasty deal, but multiple reports have claimed that the investment is in the region of $100m and $200m.
In the long term, the partnership between Dynasty and FSG will explore further growth opportunities for the club. The announcement today comes after FSG confirmed in November last year that it was considering new shareholders for Liverpool.
A report at the time from The Athletic said that a full sales presentation had been produced for interested parties, with FSG said to have been considering selling a club that it has owned since 2010. It later emerged that FSG would prefer selling a minority stake as opposed to a full sale of the club.
FSG president Mike Gordon has maintained that the group, which also owns Major League Baseball’s Boston Red Sox and the NHL’s Pittsburgh Penguins, is still committed to Liverpool.
“Our long-term commitment to Liverpool remains as strong as ever,” said Gordon. “We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.
“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
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