FSG originally made clear in 2022 that it would be open to new investment in Liverpool, either from minority shareholders or a potential full sale.
It said at the time: “FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool.
“FSG has said before that under the right terms and conditions, we would consider new shareholders if it was in the best interests of Liverpool as a club.”
The full sale never materialised but the agreement with Dynasty in 2023 was valued at between £82m and £164m, and was hailed by FSG as helping offset bank debt accrued from infrastructure projects including the redevelopments of the Main Stand, Anfield Road end, and the club’s Kirkby training ground.
At the time of that deal, FSG president Mike Gordon said: “Our long-term commitment to Liverpool remains as strong as ever.
“[We want] to further strengthen the club’s financial position and sustain our ambitions for continued success on and off the pitch.”
Since then, FSG has explored the possibility of purchasing a second club in continental Europe to add to its portfolio.
The multi-club model would have followed the examples of Chelsea and Manchester City, whose owners also operate clubs in other territories.
But after examining potential purchases including Spanish sides Malaga and Getafe and French club Bordeaux, FSG did not proceed with any of the deals and is now understood to have moved away from the model.
That decision to eschew the approach led to the departure of Michael Edwards last month – the former Liverpool sporting director had been rehired by FSG in order to lead the multi-club project.
Current sporting director Richard Hughes is managing the club’s transfer strategy this summer and has a contract lasting until summer 2027, but is believed to be open to a move to Saudi Arabia in the near future.
Liverpool principal owner John W Henry has taken a back seat on matters relating to the club in public since acknowledging and apologising for his role in the widely derided European Super League project in 2021.