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Kieran Maguire: Liverpool will be delighted after FSG's latest 'big bucks' deal
Fenway Sports Group’s latest addition to their sports empire is good news for Liverpool.
So says finance expert Kieran Maguire, speaking exclusively to Football Insider about FSG’s reported purchase of the Pittsburgh Penguins.
The Daily Mail claimed on Tuesday (30 November) that a deal had been agreed to take control of the NHL team.
FSG already own Major League Baseball outfit the Boston Red Sox in addition to Liverpool and now the Penguins.
Maguire claims that FSG’s sound multi-sport business strategy will help Liverpool avoid the mistakes of the past.
He told Football Insider correspondent Adam Williams: “A successful FSG reduces the chances of another Hicks and Gillette debacle.
“The club was in genuine danger of going into administration. If the overall business is run on more professional lines, that is better for Liverpool.
“And it will be run more professional lines because FSG’s focus is on making money.
“John Henry isn’t interested in them as a football club. He sees them as a means to an end.
“But in order to achieve that end, you need a strong Liverpool and strong portfolio of sports interests.
“That’s why they are willing to go out and spend big bucks on expanding that portfolio. This will help in that particular realm.”
Liverpool posted a £46million loss in their last set of annual results for the pandemic-hit 2019-20 campaign.
On the pitch, the Reds are 3rd in the league table after Wednesday night’s (1 December) 4-1 thrashing of rivals Everton.
In other news, pundit amazed by “brilliant” Diogo Jota transformation at Liverpool after playing against him at Wolves.