Liverpool's owners, Fenway Sports Group (FSG), have shelved their plans to adopt a multi-club ownership model, despite having previously confirmed their intention to acquire a second football club. The decision marks a significant U-turn for the American group, which had been exploring the purchase of another club since early 2024.
FSG president Mike Gordon had informed staff in 2024 that the approach was underway, stating in an email: “To remain competitive, we must identify every avenue available to us to gain an edge.” Michael Edwards, who returned to the club in 2024 as part of the expansion strategy, also emphasised the importance of acquiring an additional club to “fortify our overall operation and drive our competitive ambitions.”
According to The Athletic, the plans have now been abandoned with no immediate indication that they will be revived. Early discussions had considered up to 25 clubs, including French side Bordeaux, Spanish duo Malaga and Getafe, and a potential minority stake in Ligue 1 giants Monaco, though the latter was not pursued.
FSG have owned Liverpool since 2010, overseeing a period of unprecedented success including two Premier League titles, the Champions League, FA Cup, and League Cup. While the multi-club model is off the table, FSG retain a diverse sports portfolio encompassing MLB’s Boston Red Sox, NASCAR’s RFK Racing, TGL’s Boston Common Golf, and NHL’s Pittsburgh Penguins. The group is expected to receive approximately $1.7 billion (£1.27 billion) from the sale of the Penguins to the Chicago-based Hoffmann family, pending NHL approval.
