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Liverpool owner Fenway Sports Group (FSG) is in talks over a potential takeover as it looks to go ahead with its plans for multi-club ownership.
The Reds’ owners have been looking to add to their portfolio of sports teams for some time now following the restructuring of the organization, which saw the likes of Michael Edwards and Julian Ward returning to work for FSG.
A number of clubs have been linked with a takeover by John Henry’s group, including French side Bordeaux and Malaga in Spain, and now talks are being held over a staged takeover for La Liga side Getafe.
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As per The Athletic, FSG’s interest in the club is already well established, having been first reported in Spain last month.
Getafe president Angel Torres downplayed the talks earlier this month when speaking to Spanish radio station COPE, insisting that the club was not for sale.
“One day I’ll have to leave but it’s a long way off,” Torres said.
Despite the 73-year-old’s comments, it is common knowledge that Getafe has been up for sale for years, and FSG is now the latest entity to take an interest.
FSG is in talks with Getafe president Angel Torres over a potential takeover of the Spanish club
The club is about to start its 21st season out of the last 22 in Spain’s top flight, during which time it has built a reputation for being well-run and developing stars such as Emi Buendia, Alvaro Morata and Christantus Uche.
Torres is thought to have lowered his price for the club to $135 million, having previously tried to put bidders off with a $210 million valuation.
FSG has been in the market for a new club since Edwards was appointed as the group’s CEO of football last year, having quit as Liverpool’s sporting director just two years previously.
Michael Edwards outlined plans to add a new club to FSG's portfolio upon his return last year
An email to staff from FSG president Mike Gordon announcing Edwards’ return outlined the initial plans to add another club to the portfolio, with Edwards going into more detail in a subsequent club statement.
“One of the biggest factors in my decision is the commitment to acquire and oversee an additional club…I believe that to remain competitive, investment and expansion of the current football portfolio is necessary,” Edwards said.
Since then, FSG has been linked with clubs in Brazil, France and Spain, with Getafe now seen as the best option, with a good relationship having been built with Torres.
Getafe’s owner is not in a rush to sell though, and he is still looking to deliver on his promise to renovate the club’s Esadio Coliseum, which he hopes will be completed by 2028.