Gerry Cardinale, founder of RedBird Capital, refuses to rule out potential takeover of Liverpool
According to Liverpool Echo, Gerry Cardinale, who is the founder of RedBird Capital Partners, has refused to rule out a possible takeover of Liverpool in the future.
The firm previously made an investment into current club owners Fenway Sports Group giving them an 11 per cent stake in the sports conglomerate.
An agreement was reached in March 2021 between Cardinale’s private equity firm and the current owners of Liverpool. Basketball superstar LeBron James and his partner Maverick Carter also became a partner in FSG following the $750 million deal.
Talking at the Financial Times’ Business of Sport US Summit in New York, the 53-year-old businessman was asked about becoming an owner of the Reds. Replying to the question he said:
“No (I don’t rule it out), I definitely would not exclude it as it would be a privilege but I think that Liverpool is in fantastic hands with the current group.”
His words indicate his trust in the abilities of current owners FSG to manage the club in the best way possible. It is intriguing to see his interest in the idea should a situation unfolds that facilitate him to do so.
“Fenway Sports Group is unique not only for the quality of its sports properties and assets, but for the highly disciplined, results-oriented organization that John, Tom, Mike and the FSG team have built over the past 20 years.”
Cardinale said these words back in March (h/t Liverpool Echo) and it shows the trust between the two sets of partners. The recent stock market move further highlights this point. RedBird and FSG, along with Liverpool kit supplier Nike and Epic Games, became a stakeholder in James and Carter’s SpringHill Entertainment Company.
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The idea of possible new ownership is always a matter of heavy discussion. Some may think new ownership would be a good idea and some may not. However, one cannot overlook what FSG has done so far at the Merseyside club.
Henry and co have transformed the club both on and off the field, taking the Reds back to the summit of English and European football. While they can certainly do more, their efforts so far must not be forgotten.
The relationship between the new partners further paints the picture that a change of ownership is unlikely soon. If anything, it certainly paints a picture of togetherness behind the scenes at Anfield.
