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Liverpool owners FSG take investment from Dr Dre’s business partner

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Earlier this year, FSG confirmed a “significant investment” from RedBird Capital Partners along with NBA icon LeBron James and business partners Maverick Carter and Paul Wachter.

Liverpool’s owners have expanded their list of partners, with Jimmy Iovine, co-founder of Interscope Records and Beats Electronics, among those to invest in Fenway Sports Group.

In 2006, Iovine and Dr Dre launched Beats Electronics, and now their range of audio electronics, often branded as Beats by Dre, are among the most popular in the world.

He is now one of 29 partners listed by FSG – which includes the group RedBird Capital Partners, led by Gerry Cardinale, who have the third-largest stake behind only Liverpool owners John W. Henry and Tom Werner.

Instead, the investment was into FSG, and those funds have allowed the Boston-based owners to increase their acquisition, which includes James and Carter’s entertainment branch SpringHill Company.

Iovine is an American entrepreneur best known as co-founder of Interscope Records and Beats Electronics, the latter alongside rapper and producer Dr Dre.

That is where one of their newest partners, Iovine, could come in, with FSG confirming the 68-year-old had join the group via their official website.
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