By taking a 20 per cent stake in Fenway Sports Group, the owners of Liverpool, RedBall Acquisitions hoped to start building a portfolio of clubs in Europe similar to City Football Group and Red Ball: https://washingtonnewsday.com/news/motivation-behind-the-fsg-and-liverpool-6-billion-deals-with-benefits-on-and-off-the-pitch-explained/ The implications for Liverpool FC are ambiguous, but on balance a recapitalisation is probably beneficial in the middle of an ongoing pandemic when cash flow problems are likely to get worse before they get better.