Liverpool chairman Tom Werner rubbishes reports of £1.5bn takeover bid for the club
Reports emerged from the Middle East on Thursday
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Liverpool FC chairman Tom Werner has strongly denied reports that Fenway Sports Group recently rejected an offer worth £1.5bn for the club.
It was being reported in the Middle East that the Reds were the subject of year-long negotiations with an investment consortium led by Amanda Steveley, the Dubai financier who has also been linked with the purchase of Newcastle United.
However, American businessman Werner has claimed there was absolutely “no truth” in the reports.
“We have better things to do than batting down rumours about negotiations with Ms Staveley,” Werner told the Liverpool Echo.
“However, there's no truth to them.”
Abu Dhabi-based newspaper The National, who made the claims of a potential sale, reported that the deal fell through at “the eleventh hour” after FSG pulled out claiming the £1.5bn offer was under-valuing the club.
The reason for this, claims the publication, was that FSG, who bought the club for £300m in 2010, expected the global TV rights to increase rapidly over the next two cycles that the club’s value would far exceed the alleged offer.
The offer was from Staveley and her PCP Capital Partners firm was said to be an initial £1.2bn up front rising to £1.5bn dependent on Champions League performance.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments