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In a rather sudden development, the current Liverpool owners, Fenway Group are reportedly keen on an opportunity to cash in on the club and seem to be swayed by high profile approaches made from representatives of the Dubai royal family to take over the club in a bid to associate with one of the strongest footballing brands across Europe.
The Fenway Sports group took over the club during the 2010-11 season from previous owners, Tom Hicks and George Gillet and have pumped in significant amount of money over the years to not much avail as the club have performed inconsistently barring one terrific season when Suarez was in his full might. Barring that one season, the tale has been pretty unflattering for the owners and after being offered a significant return on their investments, the Americans are reportedly keen to get the deal done in order to move on to other challenges.
The Premier League has already seen several middle eastern owners in the present and the past, most of whom have ridden and are still riding on a wave of insane money power to achieve success at one of the biggest footballing arenas in the world. Notably, Manchester City’s fortunes changed significantly after a takeover by Abu Dhabi based businessmen who have given the club a new personality and seemingly unlimited money power to compete at the highest levels of the sport. However, it is certainly not guaranteed that money will bring success, it is still easier when the club is baked monetarily by giant investors.
Source: www.gdnonline.com
It is well known that the Dubai ruling family is insanely wealthy and generous, they are are also known to be affectionate followers of the game in the football crazy Emirate. Liverpool will definitely see a number of changes take place if the take over does indeed go through with the club in reported negotiations with Marwan Abedin (who represents the royal family’s interests). Things could get far more competitive in the already cut throat English footballing league if ambitious owners like the Al Maktoum family come into the picture and it will surely benefit football positively, although spending may get rather inflated on the downside.
With recent results bearing positive morale and the Jurgen Klopp showing signs of progress it is clear that Liverpool are being managed well even if they aren’t the biggest spenders in the league. The historic club enjoy almost fanatical support across England and with increased revenue coming in from the new TV deal signed by the Premier League, it will certainly bring in more development in the club both in terms of signings and the development of a more modern facility at Anfield.
Whether takeovers of huge magnitude, like the one proposed at Liverpool are good for the sport or not is a debatable issue, but it will certainly excite the fans to see their club being finally compete financially with the biggest clubs in the world for the best players in the world.
