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November 24th , 2024

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LIVERPOOL AND FSG PARTNERS RAISE ?2BN TO BUY STAKE IN PSG -TRENDING

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Sports

A year ago



One of the partners of the Liverpool owner, Fenway Sports Group (FSG), is considering buying a stake in another European giant, Paris Saint-Germain.



US investment firm Arctos Sports Partners, which bought a stake in FSG to become a partner in 2020, is looking to acquire a minority stake in PSG, according to CBS and Sky Sports - as reported by the Liverpool Echo .


The owner of PSG Qatar Sports Investments (QSI) has been looking to sell shares of the French club since last year.


QSI is seeking outside investment to help fund an ongoing project in Paris and potentially the construction of a new stadium.


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The Parc des Princes, owned by the Paris City Hall, has been PSG's home ground since joining the top flight in 1974. But the club are considering several options, including buying Parc des Princes and renovating it, buying another stadium like the Stade de France or building a new one.


The potential cost of building a new stadium has prompted QSI to seek outside investment, with Arctos Sports Partners being one of the companies interested in buying a stake in PSG.


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According to Echo, Arctos already has some significant sports investments in its portfolio, with indirect stakes in Liverpool, Boston Red Sox and Pittsburgh Penguins owned by FSG.



He also holds stakes in NBA teams such as the Golden State Warriors and Sacramento Kings and Italian Serie A team Atalanta, and has stakes in Harris Blitzer Sports & Entertainment, owner of the Philadelphia 76ers and New York City. Jersey Devils.


The company has launched a second investment fund in 2021 and is expected to close it in the coming months with a target of $2.5bn (£2bn). The fund will be spent on various sports investment opportunities, potentially including a minority stake in PSG.


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QSI is looking to sell between 10-15% of the club's shares at a valuation of €4bn (£3.2bn), the report added.


Like QSI in Paris, FSG is currently seeking outside investment in Liverpool.


However, owner John W Henry has ruled out selling the entire Merseyside club following speculation that FSG is looking to sell at the start of this season.


“Are we going to be in England forever? ARE NOT. Do we sell LFCs? ARE NOT. Do you discuss LFC with investors? Yes," Henry told BostonSportsJournal.com.


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"What will be there?" I believe so, but it won't be a sale. Have we sold anything over the past 20 years?"  

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