Liverpool owners looking to widen football portfolio with Brazilian investment

Liverpool owners FSG (Fenway Sports Group) are looking to follow the lead of clubs such as Manchester City and Chelsea by expanding their football operations.

Reports from Brazil have stated that FSG are looking to buy a club based in Brazil. FSG were closely monitoring the situations of both Fortaleze and Club Athletico Paranaense but did not make a bid for either club.

With the impact of the COVID pandemic devastating many Brazilian clubs’ finances, many existing owners are looking for new streams of investment to help keep clubs afloat. As a result, the landscape is changing with an increased number of western-based owners buying controlling stakes in Brazilian-based clubs.

Manchester City are reportedly on the verge of acquiring Bahia whilst US-based businessman John Textor, who holds a significant stake in Crystal Palace, is now the largest shareholder in Vasco de Gama.

Brazil has always been a hotbed of talent with the passion for the game being unrivaled.

With owners such as FSG now facing few blockers in investing in Brazilian football, it will be fascinating to see how the domestic game in Brazil could develop over the next few years.