Liverpool owners FSG ‘make offer’ to buy another football club
Liverpool owners Fenway Sports Group have made a “proposal” to acquire Brazilian team Cruzeiro, South America media reports.
The club, one of the most famous in Brazilian club football, became the first Brazilian club to switch from a non-profit entity to a company in order to restructure its finances, forming a “Sociedade AnÃ´nima” (SA ) to attract investors to the club, which had been banned under the non-profit model that had been strained during the pandemic, exacerbating an already difficult financial situation.
The deal is expected to be ratified by football authorities, although there is precedent after Red Bull Bragantino, owned by the company that owns RB Leipzig and Red Bull Salzburg, among others, also became an SA.
This means that 90 percent of the shares in the controlling SA are now available for sale and the club has sought potential investors to buy the shares.
Former Cruzeiro structural change mediator and internal audit superintendent AloÃsio Vasconcellos told members at the club’s general assembly on Friday that the club may receive an offer from the FSG.