Edwards is now set to work as the club's CEO of Football, a major promotion from his previous role.
On the announcement of Edwards' hiring, FSG president Mike Gordon stated: Michael is one of the most formidable executive talents in world football and John, Tom, and I are absolutely thrilled to have secured his services for our business. He returns to us in a role with greater seniority than he held previously and with a wider remit.
It was clear when we initially reached out to him that a broader scope would be a key motivating factor for any potential return to the industry. In this regard - and many others - his ambitions matched ours.
As an organization we constantly strive for improvement in our football operation, whether that be identifying fresh opportunities externally or areas for enhancement internally, and there is no better person to lead that ongoing process. In keeping with this objective, he will take over responsibilities I have previously held regarding oversight and management of Liverpool FC's football operation.
Fulfilling that role has been one of the greatest privileges of my life and handing it over and returning to a more traditional role in ownership is something I have been hoping to do for some time, but only if we could find the right individual or structure. In Michael, we now have the ideal person to assume these responsibilities.
I look forward to working with him again from my position within ownership, from where I will continue to lead engagement on matters relating to football. On behalf of everyone at FSG I am delighted to welcome him back and also hugely excited to see one of the most sought-after executives back in our ranks."