RedBird Capital, FSG shareholders, withdraw from race to snap up almost half of Sporting CP’s €240m debt | OneFootball

RedBird Capital have reportedly had an eye on Portuguese outfit Sporting CP when it comes to the prospect of diversifying their portfolio, offering to purchase over €100m of the side’s €240m overall debt.

This comes from ECO, with the publication noting that the investment fund, along with several organisations, have withdrawn from the process leaving the club itself as a frontrunner to purchase its own debt.

RedBird’s interest in the matter at hand is hardly surprising given their involvement in deals to seal a 10% stake in FSG, not to mention acquiring an 85% stake in French club Toulouse.

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Gerry Cardinale, the organisation’s founder, has already expressed his intention to plump up the portfolio further with investment in other clubs across Europe.

It certainly hints at the possibility of a united brand across various teams – not too dissimilar to what the Red Bull brand is currently doing not only across football but a diverse array of sports.

The benefit it would grant Liverpool could be immeasurable with us potentially granted access to a broader scouting network, not to mention opportunities to loan out young and exciting talents whilst also presenting a path of development to our first-team.

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