"We need..." - FSG chief makes honest admission about Liverpool's transfer business
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A Fenway Sports Group (FSG) head insisted that Liverpool's owners “need to spend” to compete with their rivals.
So far this summer Liverpool have secured the services of Alexis Mac Allister and Dominik Szoboszlai for a combined £95million.
However, with Fabinho on the cusp of completing a £40million move to the Saudi Pro League, and Jordan Henderson also linked to a move to the Gulf state, United will need to do more business to compete with their Premier League rivals.
Indeed, Arsenal have spent over £200million on Declan Rice, Kai Havertz and Jurrien Timber, while Manchester United are set to exceed a £100million spend should Andre Onana’s move from Inter be completed.
FSG purchased Liverpool for £300million in 2010 and since, Liverpool have become one of Europe’s elite clubs, claiming the Champions League, Premier League, FA Cup, two League Cups, Club World Cup and UEFA Super Cup.
Such success has been achieved with a self-sustainable model, to not put the club’s future in jeopardy.
However, the Boston-based group are often criticised by sections of the club’s support for their reluctance to spend.
FSG spending admission
FSG chief executive Sam Kennedy admitted that the Premier League has become more competitive because of major investors splashing the cash.
Kennedy stressed that different areas of spending needed to be considered at Liverpool.
Speaking to Bloomberg, the FSG chief said: “These clubs, these franchises, they need massive investment.
“Are we disciplined? Do we try to be disciplined? Yes, of course, because we need to spend at the player development area, on free agents, on transfers when it comes to global football."
FSG are currently seeking minority investors for Liverpool, having put the club on the market back in November 2022.
Principal owner John W Henry confirmed earlier this year that talks with prospective parties had been held. Formula 1 owners Liberty Media are among those that have been linked.