Principal owner John Henry has explained that Liverpool FC, like each entity owned by Fenway Sports Group, “finance themselves”.
In an interview with Boston radio station WEEI FM last week, Henry discussed the finances of Fenway Sports Group and their operations.
Supporters of Boston Red Sox baseball team, who FSG have owned since 2002, have queried the finances of FSG, with the WEEI FM reporter wondering whether Liverpool are a “financial black hole that threatens to swallow the operating revenues of other FSG operations”. To which Henry categorically replied “Fenway Sports Group expansion has never and will never take place at the expense of the Boston Red Sox.”
Speaking specifically about Liverpool, Henry hinted at the ownership groups desire to grow the commercial side of the club, writing that “At LFC we have only just begun there to build revenues. It has a global fan base and a global commercial appeal.”
What FSG are not going to do though is pour millions upon millions into Liverpool, or any of their other ventures, in a similar manner as we have seen at clubs such as Man City and Chelsea in England and now in France with PSG and Monaco.
But any investment into LFC would not be at the loss of the Red Sox, and vice-versa. “We have cash flow from all of the other entities. There has not been a year in which FSG as a whole had an operating loss. And there hasn’t been a year in which we’ve paid a dividend.”
The club are expected to make further announcements this summer with regards expanding Anfield and Henry explained that “renovations at Anfield will finance themselves”.