Here is your Liverpool morning digest for Thursday, November 10.
How quickly FSG could sell Liverpool
Liverpool owners Fenway Sports Group are open to offers for the Reds.
In charge since 2010, FSG have been searching for minority investment in Liverpool for more than a year and have now, as first reported by the Athletic, tasked the two banks that were seeking those investors, Morgan Stanley and Goldman Sachs, to entertain bids from anyone wanting to make an offer.
Liverpool won't come cheap, of course. According to Forbes magazine's most recent valuation for the football club it stands at around £3.6bn, with suggestions that FSG would seek a fee of above £3bn and above not likely wide of the mark given the trends surrounding sports team valuations across the globe at present.
READ MORE: Who could buy Liverpool? The names ruled out and those still 'in' if FSG sell
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It is understood that FSG's position at the moment is exploratory and that opening themselves up to a full takeover gives them the chance to properly assess their position in the market before deciding to cash out in part or all together.
Their change in stance will have piqued interest from investors in the US, where the scarcity value that exists around top six Premier League clubs makes them extremely attractive pieces of intellectual property that many American investors believe are under monetised and behind the NFL considerably in terms of sophistication and revenue growth when comparing their respective global audiences.
There will also undoubtedly be interest from the MENA region, with links already being made Middle Eastern consortiums and wealth funds.
But even if FSG do receive a bid for the club that they find acceptable, one that would be enough to convince them to sell up and leave the club that they acquired for £300m 12 years ago with more than 1,000 per cent profit, how quickly do these things happen and what might be the overriding intention from what they are doing right now be?
Sports lawyer and author of the book 'Done Deal', Daniel Geey has been involved in a number of high profile takeovers and explained the process when speaking to the ECHO.
READ THE FULL STORY HERE.
Price at which FSG will 'listen to offers' for Liverpool sale
Fenway Sports Group will reportedly demand at least £3billion to part ways with Liverpool.
The American owners of the Reds appear to be willing to sell the club after releasing a statement on Monday. The statement confirmed that FSG are open to major investment into the club, which led to increased speculation that they have “put Liverpool up for sale”.
FSG have owned the club for 12 years, after completing a £300million takeover from Tom Hicks and George Gillett in October 2010. Influential American finance outlet Forbes currently value the club in the region of £3.5billion.
However, a fresh report from The Times has provided an update on the whole process. Citing sources from US banks, it has been claimed that FSG would listen to offers of around £3bn for the sale of the club.
The article states that US banks Goldman Sachs and Morgan Stanley, who are assisting in the process, have declined to comment on the situation. But the report does go on to outline the view of potential bidders.
Sources cited in the article have claimed that their understanding in that Liverpool is for sale. One source, which is a senior figure from a consortium that tabled an offer for Chelsea, went into detail about the proposed sale.
READ THE FULL STORY HERE.
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