‘The Opportunity’ – potential Liverpool buyer has already hinted at why a takeover could happen
Harris Blitzer Sports & Entertainment are reportedly interested in buying Liverpool from Fenway Sports Group.
Harris Blitzer Sports & Entertainment (HBSE) is the latest party reportedly interested in a takeover of Liverpool.
Since news broke that Fenway Sports Group has put the Reds up for sale, several groups have been linked. Among them are the Dubai International Group and Indian billionaire Mukesh Ambani.
From now on, a new American group within HBSE would be considered “real contenders”. Led by Joshua Harris and David Blitzer, they already own the NBA franchise Philadelphia 76ers and NHL team New Jersey Devils.
Indeed, they also own a majority stake in Liverpool’s Premier League rivals Crystal Palace. In December 2015, Harris and Blitzer both purchased an 18% stake each in the Eagles.
Indeed, if Harris and Blitzer were to show a concrete interest in a takeover of Anfield, they would have to sell their shares in Palace. But it’s something they’ve been willing to do once before.
The pair were key backers to Sir Martin Broughton’s bid for Chelsea in May before a consortium led by Todd Boehly bought the club from Roman Abramovich. And after that failed takeover, Blitzer admitted that while he loved Palace, HBSE couldn’t pass up the opportunity to buy a “global brand” from Chelsea.
Speaking at a Sportico Invest in Sports conference in New York in October (via soccer london), Blitzer said: “At the end of the day, I love Crystal Palace and people who know me well will know that I love Crystal Palace. But there are a handful of teams/brands globally – and Chelsea is part of.
“The opportunity to invest in this particular situation with a very small number of people, frankly, given that it was a complicated situation, we were comfortable doing our best.
“We would have had to cede our interest in Crystal Palace if that had materialized. If that had happened it would have been a really sad day in a way, but coming back to the investment part, it would have been a really worthwhile investment in terms of what’s there for Chelsea. Then I probably should have hidden a bit when I went to London.