“Absurd” details emerge on why FSG decided to scrap multi-club ownership plans

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More reasons are now emerging as to why FSG have decided to scrap their multi-club ownership plans. Image Credits: Imago Images Michael Edwards’ return to Fenway Sports Group in 2024 was never just about getting the band back together at Liverpool – it was explicitly sold as the start of a new era in which FSG would evolve into a serious multi‑club operator.

One of the key conditions for him coming back was the promise that he would be given the mandate, and the budget, to identify, acquire and then oversee at least one additional club under the FSG umbrella, mirroring the models used by City Football Group and Chelsea’s ownership. As a result, it was widely-reported last week that the Boston-based group has scrapped their plans for now over acquiring another club.

But more reasons are now emerging as to why the club decided to scrap the plans. Independent reporter Miguel Delaney, speaking on his YouTube channel, has claimed that “absurd” valuations for over 30 European clubs simply ended FSG’s appetite for a second football club: “Edwards’ position is an interesting one because this new role he has, he essentially returned to Liverpool where he was supposed to be spearheading Fenway Sports Group’s project, basically to make this a multi-club ownership structure,” he said.