The father of Elon Musk, the world’s richest man, has revealed that his son is interested in purchasing the English Premier League club Liverpool.
Fenway Sports Group (FSG), the American sports and entertainment company, has owned Liverpool since 2010. While FSG has previously sought external investment for the club, it has never openly considered selling it outright. However, when asked whether his son was interested in buying the Anfield-based club, Elon Musk’s father, Errol Musk, had an intriguing response.
In an interview with Times Radio, Errol Musk stated that his son, who is also the CEO of Tesla, is keen on acquiring the six-time European champions. He said, “I can’t comment on that. If I do, they (Fenway) will increase the price.” When further questioned if Elon Musk genuinely wants to purchase Liverpool, Errol replied, “Yes, absolutely. But that doesn’t mean he is buying it. Yes, he wants to, of course. Who wouldn’t want to? I’d want to as well.”
However, when contacted by the Associated Press (AP), a spokesperson for Fenway Sports Group dismissed the rumors, saying, “There’s no truth to this speculation.”
Liverpool is currently valued at £4.43 billion, making it the fourth most valuable football club globally, according to a May survey by Forbes. Interestingly, this valuation accounts for just over 1% of Elon Musk’s estimated net worth of £343 billion, as reported by The Guardian.
Errol Musk also highlighted the family’s connection to the city of Liverpool, which he believes explains Elon’s interest in the club. “His (Elon Musk’s) grandmother was born in Liverpool. We even have relatives in Liverpool. We were fortunate to have a good relationship with The Beatles, some of whom grew up with members of our family. So, yes, there is a connection to Liverpool,” Errol shared.
Fenway Sports Group has faced criticism from some Liverpool fans for under-investing in the squad. Last year, the club reported a pre-tax loss of £9 million, and further losses are anticipated for the upcoming financial reports next month, largely due to Liverpool’s failure to win the Champions League. In September 2023, FSG sold a portion of the club’s shares to the U.S.-based investment firm Dynasty Equity. At that time, Liverpool president Mike Gordon stated that FSG’s commitment to the club remained “as strong as ever.”
Despite occasional financial setbacks, Liverpool has seen a resurgence under FSG’s ownership. After a 30-year drought, the club won the English top-flight league in the 2019-20 season and the Champions League in the 2018-19 campaign. Currently, Liverpool sits at the top of the Premier League table with 46 points from 19 matches.
