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FSG hailed as Liverpool value jumps from £300M to £1.7bn

Liverpool's owners FSG have been praised for managing the club's financial revival.

Entering the tenth year as owners, FSG - who were known as New England Sports Ventures (NESV) when they took over the reins - struck a £300m takeover of the Reds from Tom Hicks and George Gillett.

Since that day, Liverpool's value has risen to the point where it was recently valued at $2.2billion (£1.7b) by Forbes Magazine. The American finance experts have that bottom line rated as the eighth highest in world football.

FCBusiness report, "The contrast between the former and present owners highlights just how vulnerable football teams can be in the wrong hands," they say .

"While the previous group leveraged the club into a financially precarious position that caused the banks to step in, the current owners have yet to take any money out of the club and have increased its value to around £1.7 billion according to Forbes.

"That's more than double what the club was valued in their first year of ownership. The next year could see Liverpool overtake the likes of Chelsea and Arsenal and rise to sixth in football's global rich list."

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Paul Vegas

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