Liverpool owners FSG exploring takeover of forgotten former Champions League club after they fell into decline
LIVERPOOL owners Fenway Sports Group [FSG] are going head-to-head with Paris Saint-Germain for a takeover of Spanish side Malaga.
The former Champions League side have slipped down the leagues following mismanagement in the last decade.
They recently went into administration and are attracting attention from potential buyers.
Now Liverpool owners Fenway Sports Group are weighing up a bid to buy a majority stake in Malaga from Qatari businessman Abdullah bin Nasser Al Thani.
FSG representatives are said to have visited Malaga last month to inspect facilities and assess what form any investment should take as they bid to create their own multi-club empire.
Malaga spent last season in the third tier for the first time since 1998.
They were promoted and are now sitting 15th in LaLiga 2.
Spanish hotel and real estate group Blue Bay owns the remaining 49 per cent.
It follows an attempt made by FSG to buy French club Bordeaux following their relegation to the third tier.
That move broke down “following extensive and constructive discussions with all stakeholders”.
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FSG are understood to be interested in developing a multi-club model akin to that of the City Group.
They bought Liverpool in 2010, adding to their portfolio which includes the Boston Red Sox and the Pittsburgh Penguins.