"Despite a rivalry that has defined the past decade and has led to both sides' team coaches being attacked, a 1m legal settlement being paid by Liverpool after City claimed their scouting database had been hacked, and accusations from City officials that Jurgen Klopp had made borderline xenophobic comments about state-backed owners, which the German rejected, the two clubs have more in common than some of their feuding fans may wish to acknowledge."
"RedBird Capital Partners has since 2021 owned 11% of FSG, in which Liverpool's principal owner, John Henry, is the biggest shareholder with 40%. Mansour's International Media Investments (IMI) ploughed $750m into RedBird two years later as part of a fundraising drive that delivered $2.5bn to be spent on sport and media assets, with the investment deemed so significant that the fund was renamed RedBird IMI."
Liverpool and Manchester City combine fierce on-field rivalry with overlapping ownership and investment connections. Sheikh Mansour's IMI invested $750m into RedBird, linking Abu Dhabi capital to a fund that holds a minority stake in Fenway Sports Group. RedBird acquired 11% of FSG in 2021 while John Henry retains approximately 40% as the largest shareholder. The IMI investment helped form RedBird IMI to pursue sport and media mergers and has involved assets such as the Telegraph Media Group. RedBird, founded by Gerry Cardinale in 2014, has made multiple sports purchases, including Toulouse and AC Milan.
Read at www.theguardian.com
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