Last month it was revealed Fenway Sports Group can be keen to promote their complete shareholding of Liverpool FC for the appropriate value.
This has caught the eye of the basketball world as a result of LeBron James is a associate in Fenway Sports Group, with LeBron and FSG additionally thought of front-runners to take management of a future Vegas-based NBA group.
So, does this imply a sale of Liverpool wants to happen earlier than LeBron can realise his dream of proudly owning a group in Vegas?
Not fairly, according to The Liverpool Echo, with the outlet claiming FSG’s choice is to not less than hold a majority stake in Liverpool and will nonetheless personal a Vegas NBA group with out promoting.
“It isn’t a case of having to sell one to fund the other,” according to the report. “FSG, in their own words, are in “growth mode”, and meaning including to their $10bn empire. There will want to be a capital elevate to pursue the acquisition of a group in Vegas, however that might come from promoting off additional components of the primary enterprise, or promoting a stake within the Reds themselves.
“Their willingness to keep hold of the club is unlikely to be determined by the need to raise capital for another venture; it is more about whether or not FSG feel that there are enough opportunities coming down the tracks for them to generate greater revenues and increase the value of Liverpool further.”
A brand new group in Vegas is anticipated to be price an identical quantity to the Phoenix Suns, which will likely be bought for $4 billion.
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