F1 owners spark Liverpool intrigue after RedBird strikes deal as FSG invests in

Liverpool now constitutes the jewel in the FSG crown, at least in terms of valuation. Despite the apparent struggles to find a minority investor so far, it has moved narrowly ahead of the Boston Red Sox when it comes to the bottom line.

Now more than 80 games into the MLB season, the Red Sox maintain their almost unerringly average record, with wins and losses continuing to balance out. Elsewhere in the FSG stable, the Pittsburgh Penguins are in the off-season, but recently selected Brayden Yager with the 14th overall pick in the NHL Draft.

So there’s plenty going on at existing FSG properties, without even getting started on the NASCAR team they co-own. But that hasn’t stopped the Liverpool owners from branching out further, with some major developments this week.

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FSG has taken over a brand new team in an entirely new competition, also taking a stake in the organization itself. Meanwhile, RedBird — one of the investors in the Liverpool owners — has acquired a share in a Formula One (F1) team.

And speaking of F1, there’s potential developments when it comes to a Liverpool takeover, with the world of motorsport involved. Here’s a round-up of a very eventful week for FSG.

New team for FSG

Not since November 2021 has FSG acquired a new sports team. On that occasion, it was the Pittsburgh Penguins. The latest purchase is rather less traditional.

The Liverpool owners have thrown their hat into the ‘TGL’ ring. Devised by Tiger Woods and Rory McIlroy, the golf competition will see an initial six teams of three PGA Tour players face off against one another on a virtual course.

Scheduled to launch in January of next year, the competition has major and varied backing from the likes of Serena Williams, Steph Curry, Lewis Hamilton, Justin Timberlake and Greg Maffei, CEO of Liberty Media — more on them later. FSG is taking a three per cent stake in TGL, as well as taking charge of a Boston-based team, the second of the planned six to be confirmed.

Liverpool.com says: It remains to be seen how the team dynamic works in TGL, but FSG’s stake in the organization itself might prove to be just as…