Liverpool Owners FSG in Race to Buy Spanish Side Malaga CF
Fenway Sports Group (FSG), owners of the English Premier League club Liverpool, are exploring the potential purchase of Malaga CF, a second-tier club in the Spanish league. Malaga’s facilities were visited by a delegation party of Fenway Sports Group (FSG) in February to evaluate the club.
Fenway Sports Group (FSG) is looking to develop a multi-club model through the acquisition of the club. 49% of club shares are owned by Spanish hotels and real estate group Blue Ray, while the remaining 51% is owned by Qatari businessman Al Thani. Malaga finds itself under administration and judicial control.
Fenway Sports Group Faces Qatar-Backed Rival in Race for Malaga
Fenway Sports Group (FSG) looks determined and focused on the stakes owned by the shareholder Sheikh Abdullah Al Thani. Last year, FSG looked interested in buying the French club but had to withdraw, “following extensive and constructive discussions with all stakeholders”.
According to David Ornstein, Fenway Sports Group’s main strategy is to implement a multi-club model. With a history filled with highs and unexpected lows, Malaga finds itself under judicial control amid all the financial and administrative instability.
As stated by David Ornstein, “FSG is considering and open to all forms of investment, with the priority being to inject a level of financial that enables it to impact the football operations.” FSG, for over a year, has conducted due diligence, and their delegates have visited a number of Spanish clubs.
However, Fenway Sports Group (FSG) faces stiff competition from Qatar Sports Investments, owner of the French club Paris Saint-Germain. It is believed that QSI is already in advanced talks with the Spanish side, Malaga. An offer of approximately £83 million has been presented by the French side to the club. If their bid is accepted, it could prevent Fenway Sports Group’s ambition of acquiring a multi-club model. Negotiations are still ongoing, with no deal yet finalized for any group.
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