1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. You may have to login or register before you can post and view our exclusive members only forums.
    To start viewing messages, select the forum that you want to visit from the selection below.
    Dismiss Notice
Why Not Register?

It only takes a few minutes to register on SixCrazyMinutes

Click Here

Another 'Up for Sale' Story

Discussion in 'The Football Forum' started by gkmacca, Nov 9, 2018.

  1. gkmacca

    gkmacca Part of the Furniture Member

    Joined:
    Aug 18, 2006
    Messages:
    29,263
    Likes Received:
    22,460
    Trophy Points:
    1,575
    Gender:
    Male
    From the New York Post, so probably a complete fabrication, but anyway...


    John Henry, the billionaire owner of the Boston Red Sox, has quietly signaled he’s willing to sell his other trophy sports franchise, the UK-based soccer team Liverpool FC, The Post has learned.

    Henry — who on Oct. 28 was busy popping champagne as the Red Sox beat the Los Angeles Dodgers to win the World Series — is running a “passive sales process” for Liverpool, according to a source close to the situation.

    That means Henry is privately entertaining offers in an informal process that’s outside of an official auction — and is looking for a price well north of $2 billion, the source added.

    “It’s for sale if he can get the right price,” the source close to the situation said.

    Two other sources also said Liverpool is essentially for sale.

    Reps for Henry, who bought Liverpool for $477 million in 2010, didn’t respond to calls for comment.

    Despite the World Series victory, the Red Sox lost money this season, according to sources with direct knowledge of the team’s finances.

    The Red Sox in 2018 had the highest payroll in baseball — about $238 million, sources told The Post on Thursday. The stratospheric payroll in turn triggered a “luxury tax” worth about $20 million that has helped exacerbate the team’s losses, sources said.

    It couldn’t immediately be learned whether there was a direct connection between selling Liverpool and funding Red Sox losses.

    Red Sox President of Baseball Operations Dave Dombrowski told The Post earlier Thursday, “We will never complain about finances. We have generous owners.”

    Liverpool was recently given a $1.9 billion valuation by Forbes. In August, however, the Daily Mail reported that Sheik Khaled Bin Zayed Al Nahayan, whose family governs Abu Dhabi, made an unsuccessful approach to buy Liverpool in late 2017 and into early 2018 with a Chinese partner.

    That bid, which a source said fell apart because the Chinese bidders couldn’t cobble together sufficient financing, was said to be worth $2.6 billion, according to the report.

    Reps for Fenway Sports Group — Henry’s holding company, which owns the Red Sox and Liverpool FC, as well as 80 percent of the New England Sports Network and 50 percent of Roush Fenway Racing — denied in August that Liverpool was for sale.

    But that’s clearly not the case now, said sources briefed on the situation.

    “This is not fake news” that Henry is willing to sell Liverpool, a London sports investment banker following the situation said, although he added that he doubts a sale will happen soon.

    Fenway Sports Group did not return calls.
     
  2. manwithnoname

    manwithnoname Bravo old man. Bravo. Member

    Joined:
    Aug 16, 2006
    Messages:
    31,912
    Likes Received:
    7,392
    Trophy Points:
    1,355
    Location:
    Various
    I suppose everything is for sale "at the right price"
     
  3. Rosco

    Rosco Worse than Brendan Administrator

    Joined:
    Aug 13, 2006
    Messages:
    55,768
    Likes Received:
    13,261
    Trophy Points:
    2,250
    Location:
    Dublin
    yeah I think that's the case.

    I don't think there's likely to be a need to sell.
     
  4. darkstarexodus

    darkstarexodus Well-Known Member

    Joined:
    Sep 18, 2006
    Messages:
    12,494
    Likes Received:
    1,710
    Trophy Points:
    605
    Location:
    ....in a negative 4-G turn....

    [​IMG]
     
  5. juniormember

    juniormember Well-Known Member

    Joined:
    Dec 5, 2006
    Messages:
    7,589
    Likes Received:
    1,971
    Trophy Points:
    660
    Gender:
    Male
    Of course he’d sell at the right price. That’s what his business is based on.
    But who the hell would be willing to spend over 2 billion quid for LFC? They simply wouldn’t make the money back in their lifetime.
     
  6. gkmacca

    gkmacca Part of the Furniture Member

    Joined:
    Aug 18, 2006
    Messages:
    29,263
    Likes Received:
    22,460
    Trophy Points:
    1,575
    Gender:
    Male
    Liverpool's owners Fenway Sports Group have categorically ruled out selling the Anfield outfit.

    Reports in their native US claimed principal owner John W Henry has begun a “quiet process” to cash in on Liverpool eight years after buying them for £300million.

    But Liverpool have dismissed the speculation and insist the club is not for sale.

    A Liverpool spokesperson said: “As loathed [sic] as we are to give a story of this nature a meaningful response, on behalf of the club’s ownership, I can completely dismiss this unfounded speculation.

    “To repeat, once again, this club is not for sale, including any ‘quiet process’ or anything of that nature.”

    The initial report that the Reds were on the market came from Henry's homeland of America, with the New York Post claiming the Boston Red Sox owner was "quietly" looking for around $2billion.
     
  7. Judge Jules

    Judge Jules SCM Addict Member

    Joined:
    Aug 21, 2006
    Messages:
    41,868
    Likes Received:
    7,926
    Trophy Points:
    1,700
    Location:
    Near Brum
    They divested themselves of a number of other holdings to buy LFC in the first place and they've just majorly backed Klopp in the market.  Of course they're in this to earn big, but it seems pretty clear to me that they see the club as a major - perhaps the major - route for them to take to get there.
     
  8. RedStar

    RedStar Very Active Member

    Joined:
    Aug 22, 2006
    Messages:
    4,507
    Likes Received:
    717
    Trophy Points:
    360
    Gender:
    Male
    Location:
    Sydney, Australia
    NESV, as they were called back then, bought us for £300m. Now we are valued at £2b only 8 years later. Any investment with the ability to appreciate in value that quickly will always interest investors.

    Ive always felt that Henry will wait until clubs can sign individual TV deals, which would massively increase our revenue, and then cash in his chips.
     
    mark1975 likes this.
  9. FoxForceFive

    FoxForceFive Administrator Administrator

    Joined:
    Aug 14, 2006
    Messages:
    66,884
    Likes Received:
    15,026
    Trophy Points:
    2,240
    Gender:
    Male
    Yep.

    That plus the equally inevitable independent streaming rights for 3pm games.
     
  10. ctlovesred

    ctlovesred Very Active Member

    Joined:
    Aug 30, 2006
    Messages:
    2,461
    Likes Received:
    304
    Trophy Points:
    245
    Location:
    South Central
    They bought low, though, I'm guessing most of the significant appreciation has already happened.  That's about a 7x multiplier, no way does any future investor get that kind of return.  

    in fact, I wonder if by so successfully driving up our market value they have priced themselves out of an exit.  I mean what business savvy person buys an asset at its peak value?
     
  11. moron

    moron i am legend Member

    Joined:
    Aug 17, 2006
    Messages:
    5,173
    Likes Received:
    636
    Trophy Points:
    400
    Gender:
    Male
    Location:
    Essex
    We have won a single cup in their time in charge - so our value has gone up but it feels a bit hollow.
     
  12. juniormember

    juniormember Well-Known Member

    Joined:
    Dec 5, 2006
    Messages:
    7,589
    Likes Received:
    1,971
    Trophy Points:
    660
    Gender:
    Male
    They got us at a point when we were facing bankruptcy. They got a massive, massive bargain.
    Can’t compare them to now.
    Whoever purchases Liverpool for over 2 billion will have a very hard time making it back.
     
  13. RedStar

    RedStar Very Active Member

    Joined:
    Aug 22, 2006
    Messages:
    4,507
    Likes Received:
    717
    Trophy Points:
    360
    Gender:
    Male
    Location:
    Sydney, Australia
    We are one of the most globally recognised clubs in world sports. The idea that our value has peaked after a decade of winning nothing doesnt make sense. TV deals will get bigger, streaming services will bring in more revenue, stadium can be further expanded/redeveloped to make match days more profitable.
     
  14. juniormember

    juniormember Well-Known Member

    Joined:
    Dec 5, 2006
    Messages:
    7,589
    Likes Received:
    1,971
    Trophy Points:
    660
    Gender:
    Male
    It’s not like any other business. The percentage of revenue vs investment is ridiculous when it comes to football. Although the revenue continues to increase, that doesn’t mean profit increase, obviously, but especially so in football.
    You talk of expanding the stand. Fine, another 200 odd million in that on top of the 2 billion+. How long would it take to get it back?
    I imagine the only way would be to make LFC publicly traded. Hope it never happens for obvious reasons.
     
  15. ctlovesred

    ctlovesred Very Active Member

    Joined:
    Aug 30, 2006
    Messages:
    2,461
    Likes Received:
    304
    Trophy Points:
    245
    Location:
    South Central
    True, but those are rising tides for all PL clubs.  If we go on a sustained run of league titles and deep CL runs it might push us out ahead but that's hardly realistic is it?
     

Share This Page