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SBD Global/July 25, 2012/Franchises
Liverpool Owner Henry Says FSG Knows What's Needed To Get Club To Next Level
Published July 25, 2012
DIFFERENT RULES: BLOOMBERG NEWS' Roger Bennett noted Henry and FSG Chair Tom Werner took control of Liverpool in October '10 for "a cut-rate price" after paying off about $300M worth of the club's debt. Werner was "attracted to the fact that the Premier League operates without the salary restrictions, player drafts and revenue sharing of U.S. sports leagues." He said, "In baseball, when you acquire a franchise, you are one-thirtieth of an industry. If we sell a Liverpool jersey to a supporter in Jakarta, we keep 100% of that." Bennett wrote results have been "mixed so far." Werner: "No supporter will take pleasure where we are right now." Henry said that the past 18 months "have been humbling." Henry: "Our first year and a half was spent learning as much as we could .We’re just now really beginning to understand what we have to do differently" (BLOOMBERG NEWS, 7/19).