Singapore’s £560bn GIC sovereign wealth fund does not plan to invest in Liverpool FC

Singapore’s £560bn GIC sovereign wealth fund does not plan to invest in Liverpool FC

GENEVA, SWITZERLAND – OCTOBER 01: UEFA President Aleksander Ceferin during the UEFA Champions League Group Stage Draw at the RTS studios on October 01, 2020, in Geneva, Switzerland (Photo by Harold Cunningham – UEFA/UEFA via Getty Images)Liverpool owner John Henry (Image: Getty Images)

One of the companies involved in a possible investment in Liverpool is not interested in a stake in the club.

Singapore’s sovereign wealth fund GIC Private Limited had been linked as one of the potential interested parties in a partial stake in Liverpool as club owners Fenway Sports Group sought to recapitalize the company ahead of a cost period for player acquisitions .

has been told by well-informed sources that there is “no truth” to the rumors linking GIC to an investment game with Liverpool and that it was not something on the agenda going forward.

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GIC has approximately €700 billion in assets under management worldwide and has offices around the world. Their investment portfolio is largely focused on financial services and technology. The Reds are valued at over £4billion and FSG boss John W Henry revealed in an exclusive interview with ECHO last month that initial research, backed by US banks Goldman Sachs and Morgan Stanley, had identified potential investors.

Discussions with interested parties regarding a partial participation in the club are ongoing and could be concluded by the end of the summer.

A number of potential investors have been contacted, with ECHO telling US financial sources in December that the FSG would likely be looking for a “strategic partner”, possibly a media or entertainment company, who could enable it to also provide knowledge and expertise. capital to fill the knowledge gap and support business growth.

Other names linked include Bain Capital co-chairman and Boston Celtics co-owner Stephen Paglicua, the 68-year-old who also owns Italian side Atalanta after losing to Todd Boehly and Clearlake Capital as part of a bid for Chelsea to take over last year. . Asked about possible interest in investing in either Liverpool or Manchester United, with both clubs open to investment offers, Pagliuca told the Financial Times’ Business of Football Summit in London last month: ‘I’ve been watching Liverpool for about 15 years. ago when they had that situation.

I can’t talk specifically about the transactions we are working on due to confidentiality agreements, but of course we are aware of those transactions.

“The questions about these transactions in general are: What price level do we think is sustainable? It’s clear that Chelsea’s record-breaking process has probably motivated people to try and make money with clubs they’ve owned for a long time, and we’re definitely in a time where values ​​are being pushed up.

“Whoever buys a club must evaluate the economic opportunities, how much money we have to put in to keep quality high and how much it will cost you. We do this with everything we watch.

Liverpool will travel to Singapore as part of pre-season training for next season. The club have decided to postpone their plans to tour the United States, with the summer of 2024 being considered ahead of the 2026 World Cup in America.

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Liverpool’s next six games against Newcastle, Manchester United and other Champions League rivals

Liverpool ousted West Ham United in a tense Premier League affair in the capital on Wednesday night

Liverpool striker Cody Gakpo celebrates with his teammates after scoring (Image: BEN STANSALL/AFP via Getty Images)

Liverpool recorded a third straight Premier League win after beating West Ham United on Wednesday night.

The Reds fell behind after Lucas Paqueta opened the scoring with a fine effort, although Jurgen Klopp’s side fought back to take the three points thanks to a drilled shot from Cody Gakpo and a header from Joel Matip. The result leaves Liverpool six points behind third place despite one game less for Newcastle United. Klopp’s men will have to continue grinding results in the coming weeks as they look for an elusive place in the Champions League.

30 April – Tottenham Hotspur (H): The Reds face one of their main rivals for a European place, just days after the sacking of interim manager Cristian Stellini. Ryan Mason temporarily takes charge of the team as the Spurs look to get back on track and revive their season.

3 May – Fulham (H): Marco Silva’s side have suffered a dip in form of late, losing five of their previous seven Premier League games. Safe from relegation, the Cottagers go into this match with little but pride in the game. May 6 – Brentford (H): Enjoying life in the top flight, the Bees are on course for an impressive top half after exceeding expectations yet again.

Keyto their success was Ivan Toney, who the Reds will have to shut up for a three-point chance.

15 May – Leicester City (A): The Foxes remain embroiled in a relegation battle and will be desperately chasing points over the next few weeks. Jamie Vardy salvaged a draw for Leicester at Leeds United on Tuesday and Dean Smith’s side will need more magical moments to knock the last straw.

May 20 – Aston Villa (H): An unexpected rival in the run-up to European football, Unai Emery has transformed Villa since appointing him in October. Liverpool will have to do their best to get to the top but will calculate their chances at home.

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