Fenway Sports Group have sold a minority stake in Liverpool to US private equity firm Dynasty Equity; the money raised will not be used to fund future transfers and the Reds are not for sale; FSG bought the club for £300m in 2010
Liverpool held talks with other interested investment groups but the proposal from Dynasty Equity was the only one which felt like the right fit.Sky Sports' Peter Smith and Zinny Boswell dive into this week's question of whether or not Liverpool are in a position to compete for the Premier League title, after falling well short last season
Dynasty Equity was set up last year by asset manager Jonathan Nelson and investment banker Don Cornwell. They plan to buy minority stakes in clubs around the world. The purchase of a minority stake in Liverpool is their first investment.FSG president Mike Gordon:"Our long-term commitment to Liverpool remains as strong as ever.
"We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club's financial position and sustain our ambitions for continued success on and off the pitch." Dynasty executive chairman Jonathan Nelson:"We are honoured to partner with FSG and support the remarkable legacy of Liverpool in a strategic partnership that builds upon mutual respect and deep relationships among our respective teams."
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