New York-based investment firm Dynasty Equity has bought a minority stake in Premier League soccer team Liverpool.
Liverpool said the the investment would “primarily” be used to pay down bank debt, which was incurred during the COVID-19 pandemic, as well as capital expenses on the stadium, training ground and transfers made during the offseason.
Dynasty describes itself as “a global sports investment firm focused on acquiring minority interests in sports franchises and other related assets and rights.” “Liverpool is one of the most iconic football clubs in the world with a passionate fanbase and significant global reach,” Dynasty chief executive K. Don Cornwell said. “Dynasty is privileged to support the club and work alongside FSG to execute on the tremendous growth opportunities ahead.”The Associated Press is an independent global news organization dedicated to factual reporting.
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