Liverpool owners Fenway Sports Group (FSG) have announced a "significant investment" into the company by the firm co-owned by LeBron James, RedBird Capital Partners.
The investment, which sees James become part of FSG's ownership group along with his business partners Maverick Carter and Paul Wachter, will help Liverpool address an estimated £120million loss in revenues during the coronavirus pandemic.
FSG said in a statement that the deal, which is part of an ongoing alliance between FSG and RedBird, would help the group pursue growth opportunities, while underlining a focus on "winning".
"Over the years, Fenway Sports Group has been able to attract a dedicated group of executives and partnerships seeking to compete for titles in the most challenging and rewarding landscapes," read the statement.
"Our strategic partnership with Gerry and the entire team at RedBird will enhance our ability to pursue future growth opportunities in a more accelerated way but with the same selectiveness that has served us so well.
"We are also pleased to welcome to our ownership group LeBron, Maverick and Paul, with whom we have enjoyed a successful collaboration for well over a decade. Their addition is an important milestone for FSG and expands and deepens a longtime friendship and relationship that began in 2010.
"To our fans and supporters: winning continues to be the driving force for all of us. The growth of FSG as an organisation allows us to further strengthen our resources and commitment to the communities we serve, and we look forward to having these talented new partners join us in the next chapter of FSG’s evolution."
FSG, which is valued and $7.4bn and whose leadership is comprised of principal owner John W. Henry, chairman Tom Werner and president Mike Gordon, took control of Liverpool in 2010.
The investment from RedBird, which is reported to be a 10 per cent minority holding, will help the club achieve its ambition of redeveloping the Anfield Road Stand.
Gerry Cardinale, founder and managing partner of RedBird, said, "Fenway Sports Group is unique not only for the quality of its sports properties and assets, but for the highly disciplined, results-oriented organisation that John, Tom, Mike and the FSG team have built over the past 20 years.
"RedBird shares the same passion for performance-driven investing, business operations, fan experience and service to the community. We look forward to contributing our experience growing premier sports properties and working alongside this tremendous leadership team, including our fellow new owners LeBron, Maverick and Paul."
Maverick Carter added: "Working with Fenway Sports Group for the past decade has taught LeBron and me so much about the business on a global scale, and we’ve always believed it would lead to something bigger.
"We are proud to be part of this iconic ownership group and are excited about the opportunities that come with that to continue creating change and empowering people of every race, gender and background to be part of the process."
Emiliano Martinez banned for first leg of Villa’s semi-final against Olympiacos
Aston Villa goalkeeper Emiliano Martinez will miss the Europa Conference League semi-final first leg against Olympiacos.
The Argentina international saved two penalties in the 4-3 quarter-final shootout victory over Lille, but earned a yellow card for his trademark gamesmanship and baiting the home crowd.
That was his second of the game, but he was not sent off as cards are not carried over into the shootout.
However, after also picking up a booking in the first leg against Lille, he will now miss the semi-final first leg with the Greek side on May 2 for three yellows on the totting-up process.
The World Cup winner, who produced heroics against France in the 2022 final in Qatar, will be a big miss, with Unai Emery calling him the best goalkeeper in the world.
“To say something about this is when he’s being successful individually and collectively with his club here at Aston Villa and his national team,” boss Unai Emery said.
“He’s being successful with Argentina, he’s being successful and progressively getting better here with Aston Villa.
“And individually he’s being successful because he’s saving a lot of matches as a goalkeeper.
“Of course, he’s one of the best goalkeepers in the world – the first, the second, the third.
“For me, the best.”
Villa will have a quick turnaround after playing 120 minutes in northern France on Thursday, with Bournemouth’s visit to Villa Park on Sunday.
Emery will assess his side after Saturday’s training session to see how they recover, with Nicolo Zaniolo going off injured in the first half against Lille.
Alex Moreno, Emiliano Buendia, Jacob Ramsey, Tyrone Mings and Boubacar Kamara are definitely out.
“Alex Moreno, Mings, Buendia, Ramsey are still unavailable,” Emery added. “I think no more. After the match we played yesterday, we will have to wait and then decide.”
JFF to introduce new Under-17 tournament for Jamaica Premier League clubs
The Jamaica Football Federation is continuing its commitment to developing youth football in the country with the formation of a new Under-17 tournament to be contested by Jamaica Premier League clubs, JFF president Michael Ricketts announced Thursday.
The competition, tentatively set to commence on May 5, will not be mandatory for clubs to participate in as this is its inaugural year.
“We would want to encourage as many of the Premier League clubs to participate in this Under-17 competition. As it is now, most of the clubs will be participating,” Ricketts said.
“We thought that it was very important that we capture those that are probably on the verge of getting out of high school and have them in a formal setting so that they can make a transition from U-17s to U20s and, ultimately, the senior set up,” he added.
This is also a timely move because, as of 2025, the FIFA Under-17 World Cup will be held annually instead of every four years as was customary.
“We want to insert some energy and some vibe to ensure that as best as possible, we must be competitive and very relevant at age 17 and under so that we can actively participate and add some level of competitiveness at the World Cup which, as of next year, will be held every year,” Ricketts said.
Jamaica got to the FIFA Under-17 World Cup in New Zealand in 1999 and Mexico in 2011.
Erling Haaland a doubt for FA Cup semi-final
Erling Haaland is a doubt for Manchester City’s FA Cup semi-final against Chelsea on Saturday.
The Norwegian striker was surprisingly substituted prior to extra time of the Champions League quarter-final loss to Real Madrid on Wednesday.
Manager Pep Guardiola revealed after the game the 23-year-old asked to be withdrawn but did not give a reason why.
Speaking on Friday, Guardiola confirmed the forward had suffered an injury but still gave little indication as to how serious.
Guardiola said at a press conference: “We will see. It was a tough game, a lot of action, high intensity for both sides.
“Erling felt something, a muscular issue. That’s why he told me he could not continue.
“The (doctor) said he had a little bit of niggles, a little problem, we will see how his evolution is in the next hours.”
In a more positive update, Guardiola confirmed playmaker Kevin De Bruyne “feels well” having been taken off during extra time against Real for nothing more serious than exhaustion.
Guardiola feels, given the schedule, it is understandable that players would be tired at this stage of the season.
He said: “It’s normal with the amount of games we are playing this season and the previous seasons and not much recovery, and extra time and high intensity.
“We put a lot of pressure in our game and that’s why the fatigue is there. They are human beings. They are not a machine. We are used to it.”
The agonising penalty shoot-out defeat by Real ended City’s hopes of winning the treble for a second season in succession.
Yet they remain on course to repeat the domestic double and Guardiola is determined to bounce back from the midweek heartache.
He said: “We don’t have another option. I don’t want us to feel sorry for ourselves.
“In football, you lose games. We performed at our best and we were not able to win. You have to accept it.
“We did everything. We know it, they know it, all the world know it, but it was not enough. When it’s not enough, it’s bad night.
“So congratulations (to Real) and, tomorrow, FA Cup.”
SportsMax is the Caribbean sports channel of choice, committed to providing sporting content of the highest quality to the Caribbean, delivered by a team of highly innovative, passionate and qualified professionals.
(876) 619-7629
digitalmedia@sportsmax.tv
