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What FSG's £530m investment means for Liverpool transfers and Mbappe dream

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Cardinale's RedBall deal may have moved on but his RedBird Capital Partners investment vehicle stepped in to the breach to continue talks with John W. Henry and FSG in attempt to still take a slice of the action.

It's been a rather open secret for some time that FSG had been looking for outside investment in the business and talks with special purpose acquisition company (SPAC) RedBall Acquisition Corp fell away last month after the SPAC were unable to raise the second tranche of investment needed for a £950m deal and a 20 to 25 per cent stake in FSG that would have taken the company public.

So, Liverpool owners Fenway Sports Group are in advanced negotiations to sell 10 per cent of their business to private equity firm RedBird Capital Partners.

According to Sportico that deal is set to be concluded in the next six weeks, the level of investment around £540m ($750m) in FSG's business interests, which include Liverpool, the Boston Red Sox, NASCAR team Roush Fenway Racing and US regional cable sports network NESN.

Like many financiers he started his working life at Goldman Sachs in New York, spending 20 years there and rising to partner before leaving in 2012, spending a few months at BDT Capital Partners before setting up private investment firm RedBird Capital Partners.

Cardinale's interest in European football means that he will come at any FSG investment with a keen interest in what goes on at Anfield.

For FSG, Liverpool are a business and they approach it in that sense.
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