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Fenway Sport Group’s portfolio of clubs includes six teams across five sports, with Liverpool arguably the most globally-recognizable of the brands.
While the Reds have tapped into FSG ’s rich resources in the sports industry over the last 15 years, it has never drawn on a direct link with another soccer club.
Manchester City’s owners first founded the City Football Group in 2013 and their network of clubs has expanded to include ties to 13 sides across five continents.
For those aspiring to build a functioning multi-club system, City is in many ways the blueprint.
The current Premier League champions have exploited ties with Girona to send several players on loan over the years, while City signed Savinho from Troyes for a relatively modest fee last year.
CFG have also successfully utilized its ownership of 13 clubs to increase commercial revenue, marketing and networking opportunities, and sharing scouting information.
In fact, of the other 19 teams in the Premier League, 16 are part of a multi-club network of some description, the exceptions being Fulham, Ipswich Town and Wolverhampton Wanderers.
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It may ruffle some feathers, but if Liverpool wants to keep pace with other elite clubs then having international links feels like an obvious next step.
It has also been suggested that purchasing a European side - with six possible Spanish sides mentioned in a report by The Athletic - will help circumvent certain UK laws which have impacted signing players in the wake of Brexit
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