Liverpool owner John Henry has explained why 'cash influx' from Dynasty Equity sale won't be used on transfers
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Liverpool principal owner John W Henry has already explained why the new ‘cash influx’ will not be used on transfers.
Over the last few months, it was widely reported that Liverpool were looking for investors from the outside to boost the club’s finance.
On Thursday afternoon, it was confirmed that global sports investment firm Dynasty Equity has completed a minor investment in the Anfield club.
According to different reports, the stake Dynasty Equity has taken in Liverpool is estimated to be worth around £80-£160 million.
However, the new investment does not mean the club’s transfer budget will automatically be increased.
Back in March, Liverpool’s principal owner Henry, stressed that the investment would be for the long-term health of the club rather than short-term.
He told the Echo: “Our efforts every day have been and continue to be focused on the long-term health and competitiveness of the club.
“Investment in the club is never for the short term. This approach has been successful over the long haul with patience necessary from time to time. We’ve seen many football clubs go down unsustainable paths. We have and will continue to focus our attention on investing wisely in the transfer market and we remain incredibly proud of our squad.”
Henry added: “At the same time we continue investing in our training facilities, our main stand and currently the Anfield Road stand.
“These are all physical reflections of our resolve and how very seriously Fenway Sports Group takes its responsibilities for this great club. In regard to Liverpool Football Club, our commitment remains stronger than ever.”
On the back of the new investment, Fenway Sports Group president Mike Gordon said: “Our long-term commitment to Liverpool remains as strong as ever. We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.
“We look forward to building upon the long-standing relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
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