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Over the weekend, news broke that Liverpool owners Fenway Sports Group (FSG) are exploring a takeover of Spanish second-division club Malaga CF.

This serves as part of their strategy to establish a multi-club network following Michael Edwards’ return to the club.

The La Liga 2 side, which last competed in Spain’s top flight in 2018 and is currently 15th in the second tier, has been in financial administration since 2019, making it an attractive target for FSG’s growth-focused acquisition model.

A delegation from the Liverpool ownership group is said to have visited Malaga’s facilities in February 2025 to evaluate the club’s infrastructure and growth potential, with particular interest in acquiring Sheikh Abdullah Al Thani’s 51% majority stake.

Relegated from La Liga in 2018 after a decade-long tenure in Spain’s top flight, Málaga has struggled to regain its former standing.

But L’Equipe already reported last week that Qatar Sports Investments (QSI), the owners of Paris Saint-Germain, also hold an interest in the Spanish outfit.

Both groups are vying to secure the majority 51% stake held by Sheikh Abdullah Al Thani, with a total deal reportedly valued at €100 million.

(QSI), who acquired Paris Saint-Germain in 2011, have recently expanded their portfolio with a 21.67% stake in Portuguese club SC Braga.

However, FSG’s primary objective would be to secure the majority stake currently held by Sheikh Abdullah Al Thani, which would lead to a possible bidding war for the club between the Boston-based group and QSI.

The desire for a multi-club ownership was part of Michael Edwards’ agreement to return to the club.

Speaking after his return in March 2024, Edwards affirmed that it was his intention to facilitate another club:

“It was vital for me that, if I did return, it had to be with renewed vigour and energy.”

“In practice, this means having fresh challenges and opportunities.”

“As such, one of the biggest factors in my decision is the commitment to acquire and oversee an additional club, growing this area of their organisation.”

“I believe that to remain competitive, investment and expansion of the current football portfolio is necessary.”

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