BitcoinCyberStore.com
28.04.2021 8:21:28
New England Sports Ventures, which is a group headed by Red Sox owner John Henry, has officially purchased the Liverpool soccer team in the Premier League.
See full version: Red Sox owner John Henry buys Liverpool soccer team for $476 million
New England Sports Ventures, which is a group headed by Red Sox owner John Henry, has officially purchased the Liverpool soccer team in the Premier League.
Henry told the London Telegraph that he’s “proud and humbled” by the 300-million pound sale and “guaranteed” that New England Sports Ventures will not be participating in a leveraged buyout, saying: “We have a lot of work to do, but we’re here to win.”
Liverpool’s former owners, Tom Hicks and George Gillett, were thwarted in their attempts to block the sale, but reportedly now plan to pursue legal action and called their removal as owners “an extraordinary swindle.” Hicks is the same guy who owned the Texas Rangers until the team went into bankruptcy and was sold to a group led by Chuck Greenberg and Nolan Ryan.
LONDON (AP) — Even before the unexpected run to the Champions League final, Liverpool was planning how to keep challenging for titles.
By ROB HARRIS, Associated Press
Henry more than delivered, spending about 170 million pounds ($220 million) on new signings and only generating 12.5 million pounds from departing players. Liverpool even kept English soccer’s player of the year, Mohamed Salah, from the grasps of Real Madrid by persuading the Egypt forward to sign a new contract. (Editor’s note: Henry also owns Boston.com.) [links]
“We can … outspend other clubs throughout Europe,” Liverpool owner John Henry said just before the loss to Real Madrid in May’s final. [links]
We've also explained how each club owner made their fortunes. [links]
Russian entrepreneur Roman Abramovich kick-started a new wave of overseas billionaires buying Premier League soccer clubs when he purchased Chelsea FC from Ken Bates in 2003.
Katharina Liebherr and Gao Jisheng of Southampton FC have been excluded from the list because Liebherr sold 80% of her shares in the club to Jisheng in 2017, and the Chinese businessman's net worth is currently unclear having just lost control of his real-estate company, Lander Sports, according to the Financial Times.
Ever since, the clubs in England's top division have become attractive prospects for weathly investors, with businesspeople all over the world keen to help themselves to a slice of the Premier League pie.
There are now 12 billionaires who own Premier League clubs — all of whom Business Insider has ranked by their net worth according to Forbes and The Sunday Times. here
Hedge fund billionaire Steve Cohen, CEO of Point72 Asset Management, is in talks to boost his ownership in the New York Mets baseball team to a majority stake, perhaps bringing more of a Wall Street vibe to the team out in Queens.
Former Magellan Fund manager Vinik started the hedge fund Vinik Asset Management in the mid-1990s and closed it down in 2013. Vinik has owned the NHL's Tampa Bay Lightning since 2010. [links]
If the deal is completed and Cohen becomes the main owner in five years as is being discussed, he won't be the only hedge fund guy making a money play in the sports big leagues.