Liverpool owners to make billions if Donald Trump loses US presidential election
- Liverpool could be the biggest beneficiary if Joe Biden defeats Donald Trump in the US election
- The Premier League club is owned by American company Fenway Sports Group (FSG)
- Owners of the club are looking to merge FSG with RedBall to get Liverpool listed on the stock market
PAY ATTENTION: Win a prize of N115,000, N75000 or N38000: participate in Big Naija Independence contest by Legit.ng
Liverpool owners could be raking-in billions if US President Donald Trump loses his bid to be re-elected for another term in office as the collation of votes reaches its final stretch.
As at the time of filing this report, Democrat's candidate Joe Biden looks to be coasting home with victory; however series of battleground states are yet to be decided.
It was gathered that a Biden win could lead Liverpool owners to re-activate their quest in completing a deal by acquiring RedBall through their Fenway Sports Group.
The Premier League club is owned by Americans led by John Henry and they have reportedly been in talks for a possible £6billion merger, hoping to increase the champions’ worldwide reach.
If such a deal pulls through, Liverpool would eventually be listed in the stock market because RedBall will have a 25 per cent stake at the club.
At the moment, no official agreement exists between the two businesses as the US election is far from decided, but a victory for Joe Biden of the Democratic Party could facilitate the deal.
Source: Getty Images
Top economist Andrew Zimbalist who is also a member of the editorial board of the Journal of Sports narrates the implication of Biden’s win for Liverpool.
Zimbalist told Liverpool Echo:
"A motivation in the United States is to take some of the capital gain that John Henry and Tom Werner have experienced and realise that capital gain prior to the, hopefully, new administration that comes in January.
"Joe Biden has talked about raising tax rates, which were lowered substantially under Trump.
"Therefore you want to be able to realise your capital gain before that tax rate was lifted."
Biden currently leads the incumbent Trump, sitting on 264 electoral college votes, with a number of battleground states still counting votes.
Meanwhile, Legit.ng earlier reported that LeBron James is reportedly viewed as the celebrity that American voters trust the most when it comes to his opinions on politics, social issues and raising voter awareness.
The news comes after Whitman Insight Strategies and MRC Data conducted a 4-day survey in October of over 1000 potential voters.
LeBron James came out on top, with interviewees saying that they value his opinion overall whether it be voting advice or on politics and social topics.
Celebrities that were also mentioned were Oprah Winfrey, Tom Hanks and Dwayne 'The Rock' Johnson.
I still don't have the €250,000 I need for my FIFA ban appeal - Samson Siasia | Legit TV
Source: Legit.ng
