Liverpool look set for the takeover treatment as reports of a huge bid from the brother of Man City owner Sheikh Mansour surfaces.
Football clubs have long been the play things of the rich. Gone are the days where they grew from humble beginnings to be owned by some local group or person. These days football clubs are big business and are becoming increasingly sought after investment opportunities, and in some cases hobbies, for the super-rich.
Chelsea were the first big English club to be bought by an oversees investor. Roman Abramovich, the Russian billionaire purchased the London club back in 2003 and has gone on to invest hundreds of millions of pounds in order to build the club into a side that won the Premier league 2005, 2006, 2009 and 2015. In addition the club added the FA Cup on four occasions as well as the Europa League (2013) and the Champions League in 2012.
With the proven success of the Chelsea ‘experiment’, further Premier League club acquisitions have followed. Manchester United was purchased by the Glazer Family, Manchester City by the United Arab Emirates Royal Family. Further deals for smaller clubs like Leicester City and Aston Villa have followed.
Now it seems that yet another huge foreign investor is about to dip their toe into the Premier League pool as reports today in the Daily Star suggest that the brother of Man City owner, Sheikh Mansour, is about to flex his considerable financial muscle and make an eye watering £700 million bid for Liverpool FC.
Sheikh Khalifa, the current president of the United Arab Emirates is reportedly the man behind the supposed takeover bid and with an estimated worth somewhere north of £30bn, would certainly be in a position to buy out current owners John W Henry and his investment company Fenway Sports Group.
With a current valuation of £650 million, Henry and his company purchased the storied Liverpool club back in 2010 for £300 million. A successful takeover now would, from a business perspective, be a massively appealing proposition.
Liverpool fans might well welcome such a takeover as recent history suggests that such a deal would bring a return to the silverware winning ways that Chelsea and Manchester City have enjoyed since their own takeovers.
Read More About: Champions League, Chelsea takeover, Football, football news, glazer family, jurgen klopp, Liverpool, liverpool news, Liverpool takeover, Manchester city takeover, Manchester United, Premier League, roman abramovich, sheikh khalifa, Sheikh Mansour, Top Story