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No RedBall deal for Liverpool

Liverpool FC have broken off talks with RedBall which could have seen the club listed on the stock exchange: https://www.liverpoolecho.co.uk/sport/football/football-news/liverpool-fsg-redball-investment-breaking-19700243

The club is pursuing other investment opportunities which would be less high profile such as a more traditional private equity deal but could help it to secure its objectives.

Fenway Sports Group is reported to be in talks to sell a minority stake to RedBird Capital, a private investment firm founded by former Goldman Sachs veteran Gerry Cardinale.   This would probably result in a lower valuation for Fenway than the $8bn mentioned for the RedBall deal,

It would appear that RedBall failed to raise enough outside capital at the asking price for a 25 per cent stake.

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