When it was revealed on Tuesday that Fenway Sports Group (FSG) had actually sold about 38% of Liverpool to 1892 Holdings, there was certainly an element of confusion.
On Friday, the understanding was that the Jeff Bezos-backed consortium had purchased about a third of Liverpool, and BBC Sport was informed that speculation placing the investment in the range of approximately 30% to one-third was "directionally accurate".
So why was a different figure reported just four days later?
FSG's policy is not to publicly disclose precise ownership stakes, but with numbers circulating from various outlets before the official announcement on Friday, the Boston-based conglomerate was keen to give some sense of scale and indicate that what was being reported was in the right territory, rather than simply referring to it as a 'minority investment'.
When it was confirmed the minority stake purchased was closer to 40% there was a perception that the club were downplaying the investment.
#Friday #minority
On Friday, the understanding was that the Jeff Bezos-backed consortium had purchased about a third of Liverpool, and BBC Sport was informed that speculation placing the investment in the range of approximately 30% to one-third was "directionally accurate".
So why was a different figure reported just four days later?
FSG's policy is not to publicly disclose precise ownership stakes, but with numbers circulating from various outlets before the official announcement on Friday, the Boston-based conglomerate was keen to give some sense of scale and indicate that what was being reported was in the right territory, rather than simply referring to it as a 'minority investment'.
When it was confirmed the minority stake purchased was closer to 40% there was a perception that the club were downplaying the investment.
#Friday #minority
2 months ago
