FSG 'U-turn on £114m deal' after Liverpool owners raised huge concerns

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Fenway Sports Group, the owner of Liverpool, turned its attention to the La Liga side Getafe back in June in their bid to develop a multi-club modelFenway Sports Group, the owner of Liverpool, have reportedly backed out of a deal to take over Getafe. It emerged back in June that FSG had turned their attention to the La Liga side as it looks to develop a multi-club model.There has been interest previously in Malaga, as FSG have been on the lookout for an additional football team to form a multi-club organisation that will aid Liverpool through player development and recruitment.As previously reported by the ECHO, the move is part of the agreement that saw former Reds sporting director Michael Edwards come back into the fold as FSG's head of football.However, according to Spanish publication Marca, FSG are no longer pursuing a deal with Getafe owner and President Angel Torres, and the key reason behind their decision is due to La Liga’s salary limit rules, which allow clubs a smaller margin for spending beyond their income.READ MORE: Chris Sutton makes Andy Robertson transfer prediction after Liverpool contract admissionREAD MORE: I think Liverpool have blown their chances with Marc Guehi transfer - January deal is vitalGetafe have appeared in the Europa League twice, in the 2010-11 and 2019-2020 seasons, but the report also claims that with an ageing squad, FSG would have struggled to bring their vision for the club as a place to develop players and create either profit or fresh talent for Liverpool to life.When quizzed on the Getafe links in June, an FSG spokesperson told the ECHO: "FSG routinely engages in conversations and evaluates opportunities across global sports, a common process to assess ventures that align with the organisation’s strategic priorities."The La Liga outfit is said to have been valued at around £160million, although a report from Spain claimed a deal could be worth between €115-130m, with the highest figure coverting to £114m.This isn’t the first time that FSG have withdrawn interest in a club, as back in July 2024, FSG had looked at the French side Bordeaux.However, they withdrew interest, and the club later went into bankruptcy and are now in Championnat National 2, the fourth tier in the pyramid.Under FSG's ownership, Liverpool have won two Premier League titles, one Champions League, three League Cups, one FA Cup and one Club World Cup title.In an open letter published last month to mark 15 years since FSG took over at Anfield, John Henry, Tom Werner and Mike Gordon acknowledged they had ‘got things wrong’ in the past while also pledging their continued aim towards progress.They said: “Liverpool Football Club means so much to so many people, and that’s something we’ve always been conscious of.“This club is part of the fabric of the city and far beyond it.

It connects generations and communities in a way that is truly special. Being part of that story is a privilege, and it brings a responsibility we never take for granted.“Today is a day to look back with gratitude.

But it’s also a reminder that our work isn’t done.“There’s still so much more ahead of us – more to achieve, more to win, and more memories to make, together.“And to you, our supporters – on behalf of everyone at Fenway Sports Group – thank you.“Thank you for welcoming us, for believing in this team through every high and low, for telling us when we’ve fallen short, and for showing the world what it truly means to be part of Liverpool Football Club.”