Liverpool FC owners commit to club after investment from US equity firm
A New York-based investment firm has taken a “minority” stake in Liverpool FC, its US owners, Fenway Sports Group (FSG), confirmed today (September 28).
But it was quick to assert its long term commitment to the Anfield Premier League club.
Global sports investment firm, Dynasty Equity, has completed a strategic common equity minority investment in Liverpool FC. No value has been announced.
But FSG president, Mike Gordon, said: “Our long term commitment to Liverpool remains as strong as ever.
“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.”
The minority investment will primarily be used to pay down bank debt incurred during the COVID-19 pandemic and capital expenses made to enhance Anfield, build the AXA Training Centre, repurchase Melwood training ground and, most recently, acquisitions during the summer transfer window.
Longer term, the partnership between Dynasty and FSG will also explore further growth opportunities for Liverpool FC.
Jonathan M Neilson, Dynasty executive chairman said: “We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams.”
Dynasty’s chief executive, K Don Cornwell, said: “Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach.
“Dynasty is privileged to support the club and work alongside FSG to execute on the tremendous growth opportunities ahead.”
Dynasty Equity is a diverse-owned global sports investment firm, co-founded and led by Jonathan M Nelson and K Don Cornwell.
It is focused on acquiring minority interests in sports franchises and other related assets and rights, and seeks to invest in resilient, compelling, and differentiated opportunities.
Dynasty’s founders say they have deep expertise in sector-specific private equity and long histories in the sports business, which includes collaborating with sports leagues, franchises, and ecosystem partners.
Integral to Dynasty’s investment approach is a deep commitment to enduring partnerships, it says.
Morgan Stanley and Goldman Sachs served as financial advisors to FSG on the transaction.