Mon, 29 Jul 2013 | BUSINESS SALE
Rumours have circulated over the weekend regarding the future of Liverpool FC and whether or not its American owners, Fenway Sports Group (FSG), are looking to put the club up for sale.
The Sun reported that the company is 'unofficially' on the market for a price of £350 million, just three years after FSG acquired the club for £300 million.
Poor performance by the club has been held up as the reason behind the potential sale, with the owners spending over £180 million on players but failing to get close to the top of the Premier League and also becoming a no-show in the Europa Cup.
A City source told the red top: “They went into this to make money but the club hasn't got into Europe, flopped in the league and spent well over £100 million on transfers. The fact Luis Suarez could be sold is no coincidence. Selling a star player is a classic sign of wanting to get out.”
Bankers have suggested that the club's next owner could be another American, but no names have been disclosed.
While circumstance and comment suggest that a sale could be on the cards, a spokesman for the club has been quick to attempt to dispel rumours. The representative told the Press Association Sport: “Fenway Sports Group has made its position clear, Liverpool Football Club is not for sale. There is no truth in this story.”
An FSG representative added: “Like so many rumours in the past about a sale of Liverpool Football Club, there is absolutely no truth in this. We have had no meetings with anyone about a sale, we don't know who the source of the rumour is."
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Related information:
Hearts FC looks to selling its squad to raise funds
Administration could be just around the corner for Scottish football clubs
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