Liverpool: CEO Billy Hogan on investment, transition and why FSG aren’t done yet

by | Jul 29, 2026 | Sports

Liverpool: CEO Billy Hogan on investment, transition and why FSG aren't done yet

Liverpool’s leadership is addressing significant transitions following what CEO Billy Hogan characterized as a difficult year for the organization. The club has confirmed that a consortium led by British-Indian businessman Amit Bhatia is in advanced discussions regarding a strategic minority investment, with reports suggesting the deal would value the club at more than £4.5bn. Hogan emphasized that owner John Henry and Fenway Sports Group remain committed to the project and view potential investment as an opportunity to strengthen operations rather than an indication of reduced commitment.

The club has experienced considerable upheaval in recent months. Last season saw a record spending of £450m, yet the team underperformed on the pitch, resulting in manager Arne Slot’s dismissal. Several senior players departed on free transfers, and Michael Edwards stepped down as FSG’s CEO of football following the abandonment of multi-club ownership plans. Sporting director Richard Hughes has attracted attention from Saudi Arabian club Al Hilal. Despite these changes, Hogan stated the club’s fundamental model and principles remain unchanged and that the organization is in a healthy position.

From a financial perspective, Liverpool reported strong performance, achieving the highest revenue in the Premier League at £702m and ranking fifth in the Deloitte Football Money League. The club maintains a sustainable financial approach, with investment returning to operations. Hogan stressed that spending decisions depend on identified needs rather than following a fixed pattern, referencing the minimal activity in 2024 when only one addition was made.

Notable shifts include increased focus on the women’s team, which finished 11th in the WSL last season and has not won the top-flight title since 2014. Hogan acknowledged the club had previously overlooked this area but stated renewed investment in facilities and squad development. Infrastructure improvements at Anfield continue, with two of four stands developed within the last decade, alongside plans to enhance the surrounding neighborhood.

Hogan reflected on the transformation since FSG’s 2010 acquisition, when the club faced potential administration. He emphasized pride in the organization’s current financial foundation and infrastructure improvements while acknowledging ongoing challenges in competitive performance.

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