What FSG are planning next after latest multi-club deal falls apart

Liverpool owners Fenway Sports Group welcomed Michael Edwards back to the fold in 2024.

As part of the post-Jurgen Klopp shakeup, Edwards was given a role as FSG’s new CEO of Football. The former Reds’ sporting director would have duties including the implementation of a new multi-club ownership model.

Having seen Manchester City and Chelsea gain success running their own multi-club empires, Edwards was convinced that FSG needed one too in order to keep up.

FSG tries to invest in Getafe

The first club linked with a move inside the FSG empire were Bordeaux - while there were also reports of a deal for Vasco da Gama in Brazil as well as Toulouse.

To date FSG have not yet added another club to their portfolio - with interest also explored in Spanish football.

Malaga were one club suggested as a potential addition - but the closest FSG and Edwards have come to realising their multi-club ambitions was Getafe.

A well-established LaLiga club on the outskirts of Madrid, Getafe were the subject of an FSG-led takeover.

FSG x Getafe deal fails

But the deal hit a dead end this week - with FSG pulling out of negotiations to buy the club from current owner Angel Torres.

“Following an extensive period of due diligence, senior FSG figures have decided not to push ahead with a deal,” a report in the Athletic reads.

“The cost of the takeover — coupled with Spain’s strict limitations on spending linked to the club’s limited revenue — are understood to have ultimately made it prohibitive.”

So what now?

FSG working on new multi-club deal

Liverpool are still without a sister club - almost two years since the multi-club plans were first floated.

However according to a report from Football Insider the ownership group remain undeterred in their plans to add a suitable club to the stable.

“FSG will now look for a new team to invest in as part of its plans to build a multi-club model,” the report reads.

While it remains to be seen where FSG stake a claim for a new team, the benefits of the multi-club ownership model would no doubt benefit Liverpool. But first we must wait and see which club is identified as the next target.

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