Fenway Sports Group to Sell English Premier League Liverpool Football Club Owners for $5 Billion, Bought in 2010 for $475 Million

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Fenway Sports Group to Sell English Premier League Liverpool Football Club Owners for $5 Billion, Bought in 2010 for $475 Million

16th November 2022 | Hong Kong

English Premier League Liverpool football club owners Fenway Sports Group is looking to sell the football club for around $5 billion, having acquired the club in 2010 (12 years ago) for $475 million (£300 million).  Fenway Sports Group owns Major League Baseball club Boston Red Sox and NHL Pittsburgh Penguins.  During the ownership of Fenway Sports Group, Liverpool football club won its first Premier League title in 30 years, winning the 2019/2020 Premier League, the 2019 European Champions League and the 2019 FIFA Club World Cup.  For 2021/2022, Liverpool football club is expected to achieve revenue of around $700 million.  John W. Henry who made his wealth from his investment firm, is the founder & largest shareholder of Fenway Sports Group.  Tom Werner who was from the TV production industry, is the Chairman & 2nd largest shareholder of Fenway Sports Group.  See below for recent football club deals:

“ Fenway Sports Group to Sell English Premier League Liverpool Football Club Owners for $5 Billion, Bought in 2010 for $475 Million “

 


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Fenway Sports Group to Sell English Premier League Liverpool Football Club Owners for $5 Billion, Bought in 2010 for $475 Million Liverpool Football Club

During the ownership of Fenway Sports Group, Liverpool football club won its first Premier League title in 30 years, winning the 2019/2020 Premier League, the 2019 European Champions League and the 2019 FIFA Club World Cup.  For 2021/2022, Liverpool football club is expected to achieve revenue of around $700 million.

 

Italy Inter Milan Chinese Owners Suning Group Zhang Family to Sell Football Club for $1 Billion, Acquired in 2016 for $263 Million & Won Italy Serie A Championship in 2020/2021 Season Football Club Internazionale Milano – Inter Milan

21st October 2022 – Italy top football club Inter Milan (Football Club Internazionale Milano) Chinese owners (Zhang Jindong & family, Suning Holdings) is looking to sell the football club for $1 billion, having acquired majority stake in the club in 2016 for $306 million (pledging $750 million to invest in the club) & winning the Italy Serie A championship in the 2020/2021 season.  The chinese owners Zhang family had been reported to engage United States investment bank Raine Group & Goldman Sachs to find a buyer.  Raine Group had also acted in the sale of Chelsea ($5.4 billion) earlier in June 2022.  In the same month in June 2022,  Redbird Capital, founded by former Goldman Sachs banker Gerry Cardinale, bought Italy football club AC Milan for $1.29 billion (EUR 1.2 billion) from Elliott Management.   Redbird Capital has also recently acquired a 10% stake in Fenway Sports Group, which also owns Liverpool football club and baseball club Boston Red SoxAC Milan is the newly crowned Champions of Serie A (2022), and is one of Italy’s most popular football club alongside Juventus and Inter Milan.

 

Suning Holdings Group, Founder & Billionaire Zhang Jindong with $7.5 Billion Fortune

Chinese owners (Zhang Jindong & family, Suning Holdings) acquired a majority stake in Italy top football club Inter Milan (Football Club Internazionale Milano) in 2016 for $306 million (pledging $750 million to invest in the club) & winning the Italy Serie A championship in the 2020/2021 season.

Suning Holdings Group is one of the largest privately owned company in China.  Suning.com is one of the largest non-government retailers in China, and is listed on Shenzhen stock exchange. Suning Holdings Group is founded by billionaire Zhang Jindong (China) and has a personal fortune of around $7.5 billion. 

 

United States Investor & NBA LA Lakers Part-Owner Todd Boehly Buys Chelsea Football Club for $5.4 Billion from Sanctioned Russian Billionaire Roman Abramovich Russian Roman Abramovich & Chelsea Football Club

In June 2022, United States investor Todd Boehly and Clearlake Capital ($72 billion AUM, portfolio includes Cirque du Soleil) have jointly acquired Chelsea Football Club for $5.4 billion (GBP 4.25 billion) from sanctioned Russian billionaire Roman Abramovich, after 20 years of ownership and being forced to sell the football (International pressure due to Russia war in Ukraine).  Todd Boehly is also the part-owner of Los Angeles Lakers (NBA club), and has investments in Penske Media which owns Billboard, Rolling Stone, Variety and The Hollywood Reporter.  Chelsea football club received more than 250 enquiries with 12 credible bids.  Russian billionaire Roman Abramovich had bought Chelsea football club in 2003 (19 years ago) with GBP 140 million.  Todd Boehly and Clearlake Capital will have joint control of Chelsea football club. 




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    Originally posted on: https://www.caproasia.com/2022/11/16/fenway-sports-group-to-sell-english-premier-league-liverpool-football-club-owners-for-5-billion-bought-in-2010-for-475-million/?utm_source=rss&utm_medium=rss&utm_campaign=fenway-sports-group-to-sell-english-premier-league-liverpool-football-club-owners-for-5-billion-bought-in-2010-for-475-million