NCAA Football

As Fenway Sports Group explores the sale of Liverpool, chairman Mike Gordon transferring responsibilities

The developments are unrelated, the sources said, but the transfer of the baton from Gordon to Hogan will still be considered by any suitors who are perusing the club’s books and weighing the pros and cons of making a partial or full investment offer.

Gordon’s setback is being described as a natural evolution, something he was looking for. The impact of his setback will be softened by the club’s growing confidence in Hogan, whose responsibilities will include working more closely on team-building decisions with manager Jürgen Klopp.

Mike Gordon celebrated with Liverpool players in a parade to celebrate the team’s 2019 Champions League victory. Andrew Powell/Liverpool FC via Getty Images

Internally, FSG views Hogan’s leadership and management skills in the same light as PGA Tour Commissioner and former FSG Executive Vice President Jay Monahan and Red Sox President and CEO Sam Kennedy.

Hogan lives in England, while Gordon lives in the Boston area.

This summer Michael Edwards, the club’s sporting director, credited with identifying many of the club’s best players to pick up or dispatch, departed. He cited a desire to start a new professional chapter, yet to be determined. Edwards was replaced internally by Julian Ward.

Gordon, Edwards and Klopp have worked together in recent years, which have been marked by Liverpool reaching the highest pinnacles of European club football, including winning the Premier League in 2020-21 and the Champions League the year before.

🇧🇷[Gordon is] just the brains behind all things at Liverpool, that’s the way it is,” Klopp said in a 2020 interview. “We can have ideas, we can have plans, but in the end he decides whether we can do it or not.”

The transfer of work is in its early stages.

Gordon is not fully stepping away from his role at Liverpool and will continue to make himself available to Hogan when needed.

Liverpool was valued at $4.45 billion by Forbes this fall, 803% more than the $493 million FSG paid for him in 2010.

Tom Werner, Mike Gordon and John Henry (left to right) and Fenway Sports Group have owned Liverpool since 2010.John Powell/Liverpool FC via Getty Images

Forbes ranked Liverpool the 22nd most valuable sports franchise in the world, eight places ahead of FSG’s original team, the Red Sox ($3.9 billion).

This season, Liverpool have performed inconsistently and below expectations. Going into this weekend’s final game before the extended World Cup break, Liverpool were in eighth place in the Premier League, four places behind qualification for the Champions League.

With the forecast uncertain about Liverpool’s future, Fenway Sports Group keeps an eye on expansion, especially in the United States. Opportunities include an NBA team — the organization has been repeatedly linked to a Las Vegas expansion franchise — and the NFL, though current ownership rules prevent FSG from buying a franchise because of FSG’s private equity partners.

Nothing prevents FSG’s main owner, John Henry, who also owns the Globe, from assembling a private consortium to buy a franchise like Washington Commanders, which has recently hit the market.

A source said that FSG would pursue an NBA or NFL team if it makes sense, but that FSG will not publicly reveal its intentions.

Less than a year ago, FSG bought the Pittsburgh Penguins from the NHL for $900 million.

Gordon is FSG’s fourth largest shareholder.

Michael Silverman can be reached at Follow him on Twitter: @MikeSilvermanBB🇧🇷

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