F1 owners Liberty Media with stunning £16BILLION net worth ready to make investment in Premier League club
FORMULA ONE owners Liberty Media are ready to make an investment in a Premier League club.
The media company have a staggering net worth of £16.3billion.
Liberty Media, who also own the Atlanta Braves MLB franchise, bought F1 in 2017 for £6.3billion.
They have since seen the value of the sport increase dramatically, in part down to the success of Netflix's Drive to Survive series.
Chief executive Greg Maffei has now confirmed that Liberty Media are looking to invest in a Premier League club.
He told the Walker Webcast: "I would dispute buying on the cheap.
"We like to buy for a fair price then hopefully build value.
"The demonstrated success of Formula One, we now have - credit them - a reputation in sports and others we have talked to, we can replicate that.
"You mention the Premier League teams; there isn't an asset we haven't looked at.
"That doesn't mean we've been ready to buy them all but we look at everything because we do think sports in general is attractive, we do think there are upsides and do think those things that management teams have taught up can help apply perhaps in other sports situations."
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The news will likely have Liverpool on alert, with the club looking for investment.
Fenway Sports Group are open to a deal after appealing for new shareholders last year.
The Reds are looking to receive funding in order to continue the progress made under FSG's ownership.
Owner John W. Henry told the Boston Sports Journal in February: "I know there has been a lot of conversation and quotes about LFC, but I keep to the facts: we merely formalised an ongoing process.
"Will we be in England forever? No. Are we selling LFC? No. Are [we] talking with investors about LFC? Yes. Will something happen there? I believe so, but it won't be a sale. Have we sold anything in the past 20+ years?"
