John Henry’s Fenway Sports Group (FSG) are in direct talks with the Saudi Arabian Public Investment Fund (PIF) over an agreement between the PGA Tour and LIV Golf.
Having spearheaded the Strategic Sports Group (SSG) consortium alongside other franchise owners, which invested $3billion into the PGA Tour earlier this year, FSG is directly involved in the current negotiations to end the split in international golf, according to Liverpool World.
After Liverpool’s summer transfer window was relatively quiet for incomings after Martin Zubimendi rejected the club’s approach, many fans may be wondering what FSG have been doing this summer and why Mohamed Salah continues to be linked with a move to the Saudi Pro League.
Read more: Why Michael Edwards’ character TRAITS bode well for transfers and contract wranglings
On top of owning baseball’s Boston Red Sox, they have integral roles in the Pittsburgh Penguins ice hockey team and NASCAR’s RKF Racing.
Their recent forays into golf including the purchase of a franchise in Rory McIlroy and Tiger Woods’ new golf competition and investing in the PGA Tour.
As the American golf tour attempts to secure a deal with its rival, LIV Golf, before the December 31st deadline, Henry is heavily involved in negotiations, having met with PIF governor Yasir Al-Rumayyan earlier this year.
What does this all mean?
It was announced earlier this year by The Athletic that FSG was considering purchasing a second football club to help Liverpool to “remain competitive in the Premier League and beyond.”
At the time, FSG president Mike Gordon said: “Global football has changed immensely over the past several years, becoming increasingly sophisticated and creating myriad challenges.
“To remain competitive, we must identify every avenue available to us to gain an edge.
“To this end, Michael (Edwards) will use every tool at his disposal and has already identified the acquisition of another club as one channel that will help fortify our overall operation and drive our competitive ambitions.”
FSG CEO of Football, Michael Edwards, pictured in 2018 while working as Liverpool’s sporting director.
However, since the news broke, there have been no updates on FSG’s efforts to enter into a multi-club model.
While the owners are spending considerable time on their endeavours in the world of golf, we may be waiting some time for any movement on the purchase of any second club.
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