Liverpool FC Is Up For Sale by Fenway Sports Group
Fenway Sports Group, the Boston-based sports agency, has agreed to terms with Manchester United as part of a planned sale to a new investor, according to a report filed by Reuters.
Under terms of the deal, Fenway will provide the $2 billion ($100 million) loan as part of a deal that will give a new entity control of the Manchester United club and its storied history.
The new group will have the right to buy the team outright from United or to keep the name Manchester United, but will also retain the exclusive right to use various brands to protect its brand.
The company reportedly plans to use the deal to acquire as much as $1.5 billion in new debt to provide additional capital to buy in the sports industry.
The plan could save about $1.25 billion in the current tax code and reduce U.S. corporate tax rates as much as 20 percent, according to the report.
FC Dallas has agreed to terms with Dallas Mavericks owner Mark Cuban that sees the franchise move to Dallas after six seasons in Frisco, according to multiple reports.
The announcement comes days after owner Jerry Jones signed a new 10-year lease on the Cowboys’ old facility, a move that clears an opening in the market for FC Dallas owner-investors.
The agreement will give Cuban the ability to buy FC Dallas for $200 million and add a second team for the Dallas area that will make him the majority owner of the team. The team will be called FC Dallas II, according to the report.
The agreement, announced this week, caps a six-year search that began after the Dallas franchise was sold and renamed the Dallas Mavericks before being bought by Cuban in 2010.
The report does not specify what terms the Mavs are offering Cuban. The deal could also be considered a “merger” that would mean the team and the Dallas Mavericks would be owned by the same entity.