US private equity firm Dynasty Equity has purchased a minority stake in Liverpool Football Club worth at least $100mn, according to two people familiar with the matter.
The investment in the Premier League football club is the latest example of private equity’s interest in sport and underscores the growing market for new sports-focused funds such as Dynasty.
Liverpool is owned by Boston-based Fenway Sports Group, a consortium of media companies and professional sports teams that include the Boston Red Sox in baseball and Pittsburgh Penguins in ice hockey.
Read the full story on the Financial Times here.