Principle investment firm RedBird Capital is reportedly on the verge of acquiring a 10 per cent stake of Liverpool owners Fenway Sports Group.
The stake is expected to cost around $750million (£537m), with the deal valuing FSG, who also own baseball team Boston Red Sox, at more than $7billion (£5bn).
According to Sportico, RedBird founder Gerry Cardinale has been trying to acquire a piece of Fenway, which is controlled by John Henry, for some time.
The deal is expected to be closed within the next six weeks. And if it goes ahead as expected it will be the latest sports-related investment for the firm, who recently acquired an 85 per cent stake in Ligue 2 club Toulouse.
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