Michael Edwards set for exit after broken FSG promises
Last week it emerged that Fenway Sports Group - Liverpool’s owners - had backed out of plans to buy a second football club.
FSG have spent around two years looking for the best partner club in order to implement a multi-club ownership model. Teams have been looked at all over Europe - but for whatever reason FSG decided no deal could be concluded.
A purchase for Toulouse was reported to be close at one stage as was a takeover of Getafe. But as it stands Liverpool FC is the only club in FSG’s football portfolio - meaning the club missing out on the benefits of the multi-club ownership model.
The knock-on effects now could be profound.
FSG renege on multi-club pledge
And one key figure set to be impacted is Michael Edwards.
The former Liverpool sporting director returned to the FSG fold in the post-Jurgen Klopp shakeup. Edwards became the organisation's CEO of Football - and one big reason behind his return was the implementation of the multi-club ownership model.
His hands have been tied in that regard for the last couple of years and it’s a legitimate concern that he now once again leaves the set-up.
According to a report in FootBiz the exec is now “reassessing” his future at FSG given the scale of the failure of the multi-club ownership model.
Edwards, Hughes and Slot could exit in 2027 or earlier
“The collateral damage from the decision is potentially significant and perhaps the most interesting thing in pure football terms,” the report reads.
“Edwards made the acquisition commitment a condition of his return and publicly admitted that.
“FSG have now publicly reneged on that commitment. Reports suggest Edwards is now reassessing his own future at the club, which would be a remarkable development given how much effort went into persuading him back in the first place.”
Edwards is only under contract until 2027 - along with sporting director Richard Hughes and head coach Arne Slot.
Therefore more big changes could be around the corner. And if Slot is to last the duration of his contract it remains to be seen who will be overseeing the appointment of his successor.
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