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Fenway Sports Group sells minority stake in Liverpool – ARN News Centre

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Friday, 29 September 2023 05:47

By Reuters

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Sports investment firm Dynasty Equity has bought a minority stake in English club Liverpool, the Premier League side’s owners Fenway Sports Group (FSG) said on Thursday.

Financial details were not disclosed but British media reported the minority stake was sold for between $100 million to $200 million.

FSG said the investment would mainly be used to pay down debt from the COVID-19 pandemic, stadium expenses to enhance Anfield’s capacity, expenses in building the training centre, repurchasing Melwood training ground and summer transfers.

“Our long-term commitment to Liverpool remains as strong as ever,” FSG President Mike Gordon said in a statement.

“We have always said that if there is an investment partner that is right for Liverpool then we would pursue the opportunity to help ensure the club’s long-term financial resiliency and future growth.

“We look forward to building upon the longstanding relationship with Dynasty to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”

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DP World ILT20: MI Emirates bounce back in style as Farooqi, Bairstow lead the charge

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MI Emirates delivered a clinical all-round performance to seal a convincing seven-wicket victory over Abu Dhabi Knight Riders in the ILT20, with left-arm pacer Fazalhaq Farooqi and opener Jonny Bairstow leading the charge.

Farooqi was the standout performer with the ball, ripping through ADKR’s top order with a superb 4-for that never allowed the hosts to settle. His early breakthroughs set the tone for MI Emirates as ADKR struggled to build momentum, eventually posting a below-par total.

Chasing the target, MI Emirates showed confidence from the outset. Bairstow anchored the innings with a composed, unbeaten 49, mixing clean hitting with smart rotation of strike. His calm presence ensured the chase stayed on track, while contributions from the middle order helped wrap up the match with plenty of balls to spare.

The win marks MI Emirates’ third victory of the season and a timely boost to their campaign. For ADKR, the search for consistency continues as they look to bounce back in their next outing.

With form on their side and key players stepping up, MI Emirates will be eyeing another strong showing when they return to action later this week.

Brief Scores:
MI Emirates beat Abu Dhabi Knight Riders by seven wickets

Abu Dhabi Knight Riders 122 in 19.3 overs (Alishan Sharafu 38, Sunil Narine 26, Fazalhaq Farooqi 4 for 14, Kamindu Mendis 3 for 21)

MI Emirates 123/3 in 13.5 overs (Jonny Bairstow 49, Tom Banton 29, Muhammad Waseem 27, Jason Holder 1 for 11, Ajay Kumar 1 for 30)

Player of the match: Kamindu Mendis

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Dubai Basketball takes on Bayern Munich in blockbuster EuroLeague showdown this Friday

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Dubai Basketball fans, get ready, because one of the biggest names in global sport is coming to town.

Dubai’s first-ever professional basketball franchise will hit the court against FC Bayern Munich at the Coca-Cola Arena on Friday, December 12. And they’re stepping into the game with some serious momentum, riding a 10-game unbeaten streak at home across both the EuroLeague and the ABA League.

After a strong debut season in the ABA League, where they powered their way to the playoff semi-finals, Dubai Basketball is now competing in the EuroLeague for the very first time.

For anyone new to it, the EuroLeague is Europe’s top-tier basketball competition, featuring 20 elite teams from 10 countries, all battling it out through a high-speed, high-intensity season that ends with the iconic Final Four showdown.

Big stage, big opponent, big moment for Dubai. Game on.

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DP World ILT20: Desert Vipers beat MI Emirates by one run in last-ball thriller

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Cricket fans at the Zayed Cricket Stadium were treated to a nail-biting finish on Tuesday night as the Desert Vipers edged MI Emirates by just one run in a dramatic DP World ILT20 Season 4 clash.

The victory marked the Vipers’ fourth straight win of the season, keeping them firmly at the top of the points table with eight points.

Payne Turns the Game on Its Head

Defending a total of 159, the Vipers found themselves under pressure until David Payne delivered a match-winning 19th over, picking up three crucial wickets to completely swing momentum. Payne finished with sensational figures of 4 for 29 and was named Player of the Match.

He was well supported by UAE pacer Khuzaima Tanveer, who took 2 for 34, as the Vipers held their nerve in the dying moments.

MI Emirates needed 16 runs from the final over, and Rashid Khan nearly pulled off the chase with a six and a four. However, the batting side fell two runs short on the very last ball, sealing a heartbreaking defeat.

MI Emirates Fight Hard in the Chase

Chasing 160, MI Emirates lost Jonny Bairstow early, but Muhammad Waseem (24) and Tom Banton (34) rebuilt the innings with a steady partnership. Later, Nicholas Pooran (31) joined Banton to keep the chase alive.

Kieron Pollard, leading the side, added a quick 23 off 13 balls and looked dangerous before being dismissed by Payne in the penultimate over, a moment that proved crucial.

Solid Start with the Bat for Vipers

Earlier, the Vipers got off to a strong start thanks to Fakhar Zaman (35) and Andries Gous (21). After Gous retired hurt, Zaman added 51 runs with Max Holden (42) to keep the scoreboard ticking.

Late contributions from Shimron Hetmyer (15), Sam Curran (19) and Dan Lawrence (15 not out) helped the Vipers reach a competitive 159 for 4.

For MI Emirates, young spinner Allah Ghazanfar impressed with 2 for 32, while Fazalhaq Farooqi also chipped in with a wicket.

David Payne, Player of the Match, said: “It went right down to the wire, and it was entertaining for everyone watching. We kept things simple, hit the right areas, and that made the difference.”

MI Emirates captain Kieron Pollard reflected: “We didn’t finish the innings well in the last couple of overs. In cricket, momentum can change quickly, and that’s exactly what happened tonight.”

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