‘A Strong Name’ Report Claims FSG Are Considering Buying South American Club Who Are 216M In Debt

‘A Strong Name’ Report Claims FSG Are Considering Buying South American Club Who Are 216M In Debt

Fenway Sports Group are likely to be one of the “possible” investors in Atletico Mineiro, according to Falagalo.com.

The website claims that Liverpool’s owners are a “strong name” that will consider buying into the Brazilian club.

FSG have previously been linked with Cruzeiro so an investment in another team in the same country would not be a surprising development

However, turning around Atletico Mineiro’s finances could be a major challenge. Reports suggest that the club are debt-ridden to the tune of 1.3 Billion Brazilian Real, which is approximately £216m.

The team is looking for outside help to address the situation and their switch to a special form of incorporated company, a Sociedad Anónima de Futebol (or SAF), makes it safer for investors, with guarantees on returns in ten years.

That financial security has likely attracted FSG, who have been very careful with which sports teams they have invested in over the years.