Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • Liverpool.com

    Liverpool owner John Henry took matters into his own hands after discovering new investment chance

    By James Martin,

    19 hours ago

    John Henry and FSG have sometimes been accused of not being bold enough at Liverpool. But after hearing the owner's account of his latest investment , you couldn't call him timid.

    While there have been times at Liverpool when it would have been nice to see more activity in the transfer market, FSG has rarely shied away from bigger-picture investments. It has extensively redeveloped Anfield , for instance, and built the AXA Training Centre .

    And away from Liverpool altogether, Henry has made some big moves over the years. He already owned the Boston Red Sox when he arrived, but has since added the Pittsburgh Penguins and a stake in NASCAR team RFK Racing — and most recently, he led a massive $3 billion group investment in the PGA Tour .

    READ MORE: Liverpool transfer news LIVE: Anthony Gordon hope, Teun Koopmeiners claim, Federico Chiesa bargain

    READ MORE: John Henry pours cold water on LeBron James' hopes of NBA franchise in Las Vegas

    It's this deal that Henry has been discussing recently in an interview with The Boston Globe , the newspaper that forms another part of his empire. And he has explained that he took a leading role in assembling the Strategic Sports Group, the FSG-led vehicle which injected so much money into the PGA Tour.

    “Where are the Americans," he asked himself, as he watched PGA Tour representatives answering questions before the US Senate. They had been summoned to discuss the "framework agreement" between the Tour and the Saudi-backed LIV Golf.

    At a meeting of Major League Baseball owners, Henry posed a question to Milwaukee Brewers owner Mark Attanasio. “Would you invest in golf?”

    In this manner, an alternative to the Saudi investment was born. And FSG and Henry continued to take a leading role.

    https://img.particlenews.com/image.php?url=0hDzff_0uGmAVtc00

    FSG hosted a "spirited party" for big names of the golf world, while Henry had personal discussions with Rory McIlroy — the pair were already working together as part of the delayed virtual golf league in which the Liverpool owners are inaugural investors. He then went and led the presentation to the PGA Tour advisory board, who were considering a number of different proposals.

    According to Henry, this presentation "showed us being aligned economically and every other way" with the players. Three other bidding groups made their pitches on the same day, but Henry's vision (and cash) won out.

    Liverpool.com says: At a time when Saudi Arabia is increasingly stamping its mark on sport, it was heartening to see a credible alternative put forward in the world of golf. Credit must go to Henry for taking such decisive action.

    Liverpool would no doubt now like to see similarly bold moves at Anfield. And they will hope FSG have not spread themselves too thinly, with Henry admitting that his hands are now full.

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular
    Total Apex Sports & Entertainment14 days ago
    Total Apex Sports & Entertainment18 days ago

    Comments / 0