Post by Webster on Sept 29, 2023 21:16:31 GMT
(The Guardian) Coming up, we’ll get the thoughts of Jürgen Klopp on FSG selling a minority stake to the US private equity firm Dynasty Equity.
The investment does not equate to a “transfer war chest” for Klopp, but instead will be used to pay down bank debt incurred during the pandemic, capital expenditure on the new Anfield Road stand, the new Axa training centre and the repurchase of Melwood training ground, and acquisitions in the recent transfer window.
-Read more: www.theguardian.com/football/2023/sep/28/liverpool-fsg-sells-minority-stake-dynasty-equity-ends-search-for-investment
The Liverpool manager is pleased with the arrival of new investment into the club, even if it the funds will not necessarily be used for transfers. -- FSG selling a minority stake in the club to global investment firm Dynasty Equity will allow them to pay down bank debt incurred during the pandemic and through recent improvements to Anfield and the club’s training facilities.
I can understand that people see money in football as all about spending and I get that. I am part of it in moments and I want to spend money as well, but people should not forget that we are building a new stand. If somebody comes in and helps us to do it that’s absolutely great. It’s not that we need a budget of £200million that we can spend for the team, but the better place that we are in the more we can spend anyway.
We are in a year when we don’t play in the Champions League which is a massive financial blow for a football club but we invested anyway, we improved the team anyway in the summer which is difficult but possible. But it’s good news, it’s money that will be well used.
The investment does not equate to a “transfer war chest” for Klopp, but instead will be used to pay down bank debt incurred during the pandemic, capital expenditure on the new Anfield Road stand, the new Axa training centre and the repurchase of Melwood training ground, and acquisitions in the recent transfer window.
-Read more: www.theguardian.com/football/2023/sep/28/liverpool-fsg-sells-minority-stake-dynasty-equity-ends-search-for-investment
The Liverpool manager is pleased with the arrival of new investment into the club, even if it the funds will not necessarily be used for transfers. -- FSG selling a minority stake in the club to global investment firm Dynasty Equity will allow them to pay down bank debt incurred during the pandemic and through recent improvements to Anfield and the club’s training facilities.
I can understand that people see money in football as all about spending and I get that. I am part of it in moments and I want to spend money as well, but people should not forget that we are building a new stand. If somebody comes in and helps us to do it that’s absolutely great. It’s not that we need a budget of £200million that we can spend for the team, but the better place that we are in the more we can spend anyway.
We are in a year when we don’t play in the Champions League which is a massive financial blow for a football club but we invested anyway, we improved the team anyway in the summer which is difficult but possible. But it’s good news, it’s money that will be well used.