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FSG Malaga move: Why US group is moving to multi-club model and what it means for Liverpool

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With what could essentially become something of a feeder club, players could still be brought into the football group even if the chance to bring them to Anfield immediately is now gone.

When Stefan Bajcetic was signed as a 16-year-old from Celta Vigo, for instance, Liverpool had to rush through that deal before the Brexit rules changes in order for it to be allowed.

It would no longer be possible, but the next Bajcetic could be signed by a club owned by Liverpool’s owners in another European country, and then moved across when they have accumulated enough experience to be given a work permit.



It could also be a way into the South American market.



Manchester City’s sponsorship is spread across the 13 clubs in the City Football Group, as an example, and is valued higher as a result.

Similarly, executives can be paid by a group rather than a club, which helps with accounting.

Liverpool has shopped in the Portuguese market a lot in recent times for the likes of Darwin Núñez and Luis Díaz, among others.

The country is a popular route to Europe for the best South American talents, such as Enzo Fernández, who signed for Chelsea for a fee of $135m (£107m/€125m) only around six months after moving to Benfica from River Plate.

But there could be plenty of other options as well

"The requirements to get a work permit to play in Belgium for non-EU players are among the lowest in all of Europe, so players who would not get a permit in England could build up their credentials while playing for a Belgian team," Shiv Jhangiani, head of Strategy and Mergers & Acquisitions at sports consultants Sportsology, told ESPN.

"It's an easy market to operate in for American or British owners because of proximity, but also advantageous tax laws regarding player wages and how the style of play in Belgium correlates well with the English game

Portugal can also be strategic with access to the Brazilian market but the cost of club acquisitions in Belgium is very attractive."

The multi-club model is the idea of the moment within soccer, and is typically associated with US owners, though is far from exclusively championed in that part of the world
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