Liverpool owners Fenway Sports Group have made no secret over the years that they’re interested in the multi-club ownership model much criticised by fans but increasingly simply a part of the background
fabric of modern football.
They have been linked with a number of Portuguese and Spanish clubs over the years and most recently came close to buying Ligue 1 side Toulouse only for that deal to fall apart in the latter stages.
The return of Michael Edwards last year was also at the time explicitly presented as part of the plan to purchase another European club, with Edwards taking on an over-arching Director of Football role for FSG while Richard Hughes arrived to take on his old Sporting Director job with the Reds.
Following the collapse of the Toulouse deal last year, 2025 has brought with it a return to Spanish speculation, with Madrid-based Getafe emerging as the reported favourite target for FSG.
Now, according to The Mail’s Dominic King, Liverpool have completed their due diligence—with the help of upper management sorts at Real Madrid and Atletico Madrid—making it possible for them to now move ahead and potentially secure a second European club for their portfolio.
In addition to Liverpool, FSG are owners of the Boston Red Sox, Pittsburgh Penguins, RFK Racing, and a number of related real estate and media holdings. They have also been linked with the potential purchase of a number of Brazilian football clubs.
