Fenway Sports Group is reportedly looking to sell Premier League side Liverpool FC. The football club joins the Washington Commanders, Phoenix Suns and Los Angeles Angels such as sports franchises to be sold with a value of more than $1 billion.
The group is currently valued at $4.45 billion, according to Forbes.
An ownership group based in Boston, who bought the team 12 years ago and owns the team The Boston Red Sox and the Pittsburgh Penguins, ready to sell its controlling stake in the six-time Champions League winners. The Athletic reported that Fenway Sports Group has engaged Goldman Sachs and Morgan Stanley in looking for potential buyers.
“There have been a number of recent ownership changes and rumors of ownership changes for EPL clubs, and of course we are regularly asked about Fenway Sports Group’s ownership of Liverpool,” Fenway Sports Group told The Athletic’s David Ornstein.
“FSG regularly receives expressions of interest from third parties who want to become shareholders in Liverpool. FSG has previously stated that under the right terms and conditions we will consider new shareholders if it is in the best interests of Liverpool as a club.
“FSG remains fully committed to Liverpool’s success, both on and off the pitch.”
Liverpool FC has been the latest franchise to enter the market in recent months.
Angels owner Arte Moreno announced in August that he was available to evaluate potential sales of the group. Moreno bought the Angels when they were coming off a World Series victory, and the team went on to win five division titles during his first six years as owner.
But the team has made the postseason just once since 2009. Even with two productive talents in Mike Trout and Shohei Ohtani this season, the team went 52-71 for its seventh straight losing season.
Angels are valued at $2.2 billion, according to Forbesreported that the group could fetch close to $3 billion.
“Although this difficult decision was our decision and deserved careful consideration, my family and I have finally come to the conclusion that now is the time,” Moreno said in a statement. “Throughout this process, we will continue to operate the franchise for the benefit of our fans, employees, players and business partners.”
The NBA’s Suns went up for sale in October after allegations of misconduct by owner Robert Sarver, who was suspended for one year and fined $10 million following an investigation by the league. The selling price is expected to pass NBA record $2.35 billion paid to Joe Tsai in 2019 The Brooklyn Nets.
Dan and Tanya Snyder, owners of the NFL Commanders, hired Bank of America Securities to check for potential sales last week. This organization, which has also recently faced an investigation into allegations of sexual harassment and a toxic culture at work. The group is valued at $5.6 billion, according to Forbes.
When did Arte Moreno buy the angels?
Moreno bought the team in 2003 for $183.5 million. The Angels were coming off their first World Series appearance in 2002. The team made the postseason in five of the first six seasons Moreno bought the team, including a trip to the American League Championship Series in 2005. But that was the last year the team won a postseason series, having made the playoffs just once since 2009.
What is the Angels record under Arte Moreno?
The Angels have had 10-win seasons under Moreno, but none since 2015. Since Moreno bought the team in 2003, the Angels have had six 90-plus win seasons, including a franchise-best 100-win season in 2008. Overall, the Angels have gone 1,565-1,411 under Moreno’s ownership with an average of 82.4 wins on the season.
How many World Series titles have the Angels won?
The Angels won the World Series in 2003 for their only championship in franchise history. They beat the The San Francisco Giants in seven games.
Liverpool FC Joins Angels, Sun in Crowded Room of $1B-Plus Clubs
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