Liverpool owners Fenway Sports Group (FSG) have agreed a deal to sell a minority stake in the club.

FSG had been seeking investment into the club for some time but had denied suggestions the American group were looking to sell the Premier League side.

The agreed deal will see FSG sell a Minority Stake in the Reds to fellow American sports investment group Dynasty Equity, with the sale set to bring in between £82m and £164m according to The Athletic, which will be used primarily be used to pay off the club’s bank debt.

“Our long-term commitment to Liverpool remains as strong as ever,” FSG president Mike Gordon said.

“We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.”

Liverpool have spent heavily on infrastructure in recent years, including the £114m redevelopment of the Main Stand at Anfield, the purchase of a new £50m training ground in Kirby, and ongoing £80m work to expand the Anfield Road end of the stadium.

This, in addition to revenues lost during the Covid-19 pandemic and investment into the first-team squad, have seen FSG conduct a long search to bring further funds into the club.

Read – The Premier League five-year net spend table

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The post Liverpool owners agree sale of minority stake first appeared on The Football Faithful.