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After backing away from a deal for Malaga, Liverpool’s owners are now considering multiple clubs across Spain and Portugal as part of their multi-club ownership strategy.
According to a new report from TBR’s Adam Williams, FSG has “all but killed” their interest in Malaga due to complications tied to the club’s Qatari ownership.
That exit has opened the door to fresh targets across Iberia.
With Liverpool’s rise under Arne Slot and increased competition across Europe, FSG’s strategy reflects a growing trend among elite ownership groups.
Establishing feeder clubs or strategic partnerships abroad could allow Liverpool greater control over talent development, scouting, and player movemen.
An edge that’s becoming more vital in modern football’s fast-evolving landscape.
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FSG has reportedly held talks with Getafe, while Levante is said to be next in line should that move not materialize.
Other clubs being monitored include Elche, Real Valladolid and Espanyol, all of whom offer potential for development and long-term return on investment.
The group is also exploring options in Portugal’s Primeira Liga, attracted by the league’s strong scouting networks and its reliable talent pipeline from Brazil.
That structure could benefit Liverpool directly as FSG looks to optimize pathways between clubs.
Interestingly, their ambitions aren’t limited to football.
The report also claims FSG is also exploring investment into English rugby, as Premiership Rugby evaluates a potential shift to a franchise-style model.
With a focus on expanding strategically, FSG continues to shape a broader sporting empire that could complement Liverpool’s future on and off the pitch.
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