Liverpool's Fenway Sports Group Sells Minority Stake to Dynasty Equity
Liverpool owner Fenway Sports Group has sold a minority stake in the club to American sports investment firm Dynasty Equity for between $100 million and $200 million. The funds will be used to reduce bank debt and finance projects such as the redevelopment of the Anfield Road Stand and the repurchasing of the Melwood training ground for the club's women's team. This move is not expected to significantly increase the transfer budget for manager Jurgen Klopp, and FSG maintains that it is not a step towards selling the club. Dynasty Equity, co-founded by Jonathan M. Nelson and K. Don Cornwell, sees this partnership as an opportunity to support Liverpool's growth opportunities.