Why FSG won't entertain Elon Musk as Liverpool takeover stance clear
This week saw the world’s richest man linked with buying Liverpool Football Club. The father of Elon Musk took to the UK airwaves to tell people of his son’s desire to own the Reds.
It is a story that has gained continued traction and column inches in recent days after Errol Musk’s comments to Times Radio at the beginning of the week, where he claimed that his son was keen on adding the football club to his business portfolio.
Musk Snr told Times Radio "I can't comment on that. They'll raise the price." When pushed for an answer, he added: "Oh, yes. But that doesn't mean he's buying it. He would like to yes, obviously. Anybody would want to - so would I."
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That’s because he isn’t. Liverpool aren’t for sale and owners Fenway Sports Group have little interest in entertaining a sale anytime soon, they also haven’t had any expressions of interest in relation to one. It is, essentially, a story that has managed to snowball into something it really isn’t.
There are many reasons why Musk, the founder and CEO of electric car giant Tesla, would likely not be deemed a suitable owner for the Reds, and while his personal fortune, pegged at around £330bn, would mean the current valuation of between £4.5bn and £5bn for Liverpool could be found from spare change for Musk, FSG would almost certainly not entertain a sale to someone whose values do not chime with the club and the culture that has been built at Anfield.
FSG, sources in the US have repeatedly told the ECHO in recent years, would aim to leave a positive legacy when they do eventually come to sell the club, although there is no talk around that happening, nor has there been for some time. Liverpool are now the most valuable asset in FSG’s growing portfolio after outpacing the Boston Red Sox in recent years.
Musk’s acquisition of the social media platform Twitter, which was rebranded to ‘X’, was $44bn (£35.3bn at current exchange rates), a deal that was at the time seen as wildly overpriced. As of now, X is said to be valued at around $9bn (£7.2bn) a near 80% decline in value over the course of two years.
Musk’s right-wing views likely would not chime with the socialism of Liverpool, even if his father had made much of the family ties to the city through Musk’s grandmother hailing from Merseyside, while his soon-to-be-assumed position within US government as the tsar leading incoming President Donald Trump’s Department of Government Efficiency would create some problems.
Musk’s continued meddling in European politics, where he called for a change of leadership for the Reform UK party and his support for jailed far-right activist Stephen Yaxley-Lennon, who goes under the alias of Tommy Robinson.
Such views, and potential sway within governments and reach into politics, would make any kind of acquisition of a football club incredibly challenging, with the Premier League’s owners and directors test likely to have serious reservations.
Part of the requirement for owners is that they will uphold and respect the traditions of the clubs that they acquire, and given Musk’s appetite for radical change on a whim, it is likely another black mark would be placed against his name, regardless of how large his net worth is.
Ultimately, it boils down to whether or not there is any chance of Musk, a self-proclaimed Manchester United fan who stated that he had no interest in buying a sports team, but if he did, it would be United, acquiring Liverpool in the future, and the odds are slim to nothing, and that is being generous.
Liverpool aren’t for sale, not now or any time in the near future. They are hugely important to the FSG puzzle right now. They haven’t received any expressions of interest, and they would almost certainly offer a swift rejection of any such offer from Musk. It wasn’t happening last week, it isn’t happening this week, and it won’t be happening next month. At a time when Musk appears to be omnipresent and wielding more power than ever before, links to the Reds will be a footnote filed under ‘Jackanory’.