John Henry, the owner of Liverpool, has stated that Fenway Sports Group (FSG) now has a full plate following their £2.3 billion investment in the PGA Tour, which has expanded their sports portfolio to include five different sports.
FSG has been actively growing its portfolio, recently adding investments in the NHL's Pittsburgh Penguins and the PGA Tour.
In a Boston Globe interview, a publication owned by Henry, the Liverpool owner discussed FSG's expansion strategy following their foray into golf.
He acknowledged that they are currently at capacity, remarking, "It means that we're not looking to grow at this point. I hate to say that on the record, but we've got our hands full with Boston, Liverpool, this, Pittsburgh [Penguins], NASCAR, real estate."
While this might initially cast doubt on their intention to acquire a second football club, Henry mentioned, "We're working on a couple of things that we were working on before we got involved here (PGA). There will be other opportunities, I'm sure, that we'll look at, but we are fully engaged. We're not out there, and I think we've never been out there, looking for opportunities."
The multi-club model has been in development for a while, with Michael Edwards' appointment as CEO of Football following FSG's pledge to acquire and manage another club.
Edwards considered the expansion "necessary," and the recruitment of Julian Ward and the hiring of Benfica's technical director, Pedro Marques, have further solidified their dedication to the initiative.
Although the acquisition of a 'sister' football club in Europe was reported to be "imminent" in May, no further progress has been documented.
