Liverpool owners admit to underrating gravity of rebuild

‘Players like Fernando Torres and Pepe Reina were probably beyond their prime’

Liverpool have finished inside of the top four only once since the FSG takeover. Photograph: Peter Byrne/PA

Liverpool have finished inside of the top four only once since the FSG takeover. Photograph: Peter Byrne/PA

 

The former general counsel for Liverpool owners Fenway Sports Group (FSG), Edward Weiss, revealed they had ‘underestimated’ how poor the squad actually was and were ‘overconfident’ about rebuilding the club they purchased in 2010.

The admissions came during a Supreme Court hearing in New York this week relating to a long-running legal dispute with Mill Financial, an American company, suing the club’s former co-owner George Gillett Jr and the Royal Bank of Scotland.

“You know, I think we underestimated how poor the playing quality of the (Liverpool) squad was, and frankly, we underestimated how difficult it was going to be to stabilise the asset,” Weiss said.

“We were overconfident in assuming that many of the things that we had done in Boston at Fenway (with the baseball franchise Boston Red Sox) would translate naturally to the Premier League, and they just didn’t all translate.”

At the time of the take over, the Liverpool squad included club icons Steven Gerrard and Jamie Carragher but Weiss suggested they inherited a team with a few players past the peak of their careers.

“What we came to know was that the playing squad was poor. While we had a few top players like Steven Gerrard, other players like Fernando Torres and Pepe Reina were probably beyond their prime,” Weiss said.

Since FSG took over the club, Liverpool won the League Cup in 2012 but only finished in the top four of the Premier League once, when they came second in 2014.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.