Taking Stock of Liverpool

[Dirty Sanchez]

FSG are in talks with Redball Acquisition Corporation to be taken public:
https://apple.news/AsGsiYmduQmyzumvAKhbpRA

Red Sox Owner Henry in Talks With RedBall to Take Fenway Sports Public

Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp. to take the Fenway Sports Group public, according to a person familiar with the matter. The deal values Fenway at approximately $8 billion and is not likely to close before the end of the year, said the person, who was granted anonymity because the matter is private.

RedBall is a special acquisition company run by Gerry Cardinale of RedBird Capital and baseball executive Billy Beane. Fenway Sports Group includes the Boston Red Sox and Liverpool FC of the English Premier League. Details to follow at Sportico.com.

 

[Dreambeliever]

*Starts saving for shares

 

[Frogfish]

So Liverpool would be controlled by a remote board of non-footballing directors whose only interest would be in making profits. Doesn't bode well.

 

[dmishra]

I think they're planning to sell about 25%, so Henry & Co would obviously still have controlling interest.

 

[tombrown]

*Starts saving for shares

If you are thinking that would give you priority for ticket purchase, then you better start saving REALLY hard. Prior to G&H there were LFC shares that gave priority ticket rights (generally 1 cup final ticket if you held 1-9 shares), but there was a total of 50,000 shares (originally priced at £5 each, but purchased by G&H at £5,000 each) - I have a copy of one on my office wall.

To get similar ticket rights you would have to assume a similarly limited share offering (or, equivalently, ticket rights are only triggered by a large share holding), and so, conservatively estimating LFC to be $2Bn of the $8Bn FSG value, such a share holding would cost you a cool $40K (55K AUD).

Think how many PPV games you could watch for that 🙂

 

[StevieM]

So Liverpool would be controlled by a remote board of non-footballing directors whose only interest would be in making profits. Doesn't bode well.

Yeah, but think of all those new investors super keen to dip into their own personal finances or to guarantee loans to fund extra transfers & spending... because they’ll see those shares grow in value.

 

[tomasjj]

Could be some money to be made here in the markets next week, if you know what you are doing.

 

[dantes]

There are ways to hedge out all sorts of uncontrolled risks, but absolutely nothing will save you if dreamy decides to sell.

 

[tombrown]

Could be some money to be made here in the markets next week, if you know what you are doing.

Rules out 99.99% of this site, then

 

[the count]

 

[refugee]

I think Beane already owns shares in Barnsley
https://www.theguardian.com/footbal...ium-takeover-nice-owner-chien-lee-billy-beane

 

[King Binny]

Damien Comolli was appointed as Toulouse's President in July after the takeover.
[article]American investment firm RedBird Capital Partners has agreed to buy an 85% stake in struggling French soccer club Toulouse, the sides said Monday.

Olivier Sadran, who had been club president since 2001, will retain a 15% stake in his hometown club.

Financial terms of the sale were not disclosed. The sides had been negotiating since May, when RedBird Capital founder Gerry Cardinale confirmed the takeover bid.

RedBird Capital immediately appointed Damien Comolli as president. Comolli previously held strategic roles at Arsenal, Tottenham and Liverpool.

Toulouse was relegated to the second division after finishing last this season. The season ended early with 10 rounds remaining because of the coronavirus pandemic.

“We are proud and excited to help write the next chapter of Toulouse FC and realize its tremendous potential,” Cardinale said in a statement.

Sadran, who will remain on the club’s board of directors, said the club and city are “big parts of my life.”

Comolli said he is “thrilled and honored” to lead Toulouse.

“We recognize the unique talent this city has and plan to commit continued focus towards youth development throughout the region,” said Comolli, a Frenchman who has also worked for Monaco and Saint-Etienne.[/article]