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Joe Biden inauguration could impact Liverpool and FSG plan worth £6bn

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Biden will be inaugurated as the 46th President of the United States of America later today, the 78-year-old former Vice President in the Barack Obama administration winning a bitterly contested race for the White House with Donald Trump back in November.

For FSG and their potential move to link up with Billy Beane and Gerry Cardinale's RedBall Acquisition Corp, a £6bn deal that could see the Reds and the Boston Red Sox publicly listed on the stock exchange, a Biden administration would have an impact.

Liverpool principal owner John W. Henry and his Fenway Sports Group associates will have been pleased to see Biden win the Presidency, members of FSG donating over $5m to the Democratic during the race, supporting the candidacy of a number of Democratic senators.

When it comes to an in-tray on the first day at work there can be few more heavily laden than that of Joe Biden's.

The ECHO understands that dialogue between FSG and RedBall continued after the Christmas break and that the feeling around the potential deal remained upbeat.

"Joe Biden has talked about raising tax rates, which were lowered substantially under Trump.

But Biden had stressed his intent during the campaign to hike Capital Gains Tax, potentially from 23.8 per cent to 43.4 per cent, if he were to take office.
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