Liverpool owner John Henry exploring Nascar investment

FSG founder could add stock car series to portfolio which also includes Boston Red Sox.

Liverpool owner John Henry exploring Nascar investment

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Liverpool owner John Henry is exploring the possibility of buying a stake in Nascar, according to Bloomberg.

The news agency cited sources familiar with the situation who said that the US stock car racing series is ‘laying the groundwork for a transaction’.

Representatives for Nascar and FSG declined to comment when contacted by Bloomberg, although the news agency claims that shares of the International Speedway Corporation (ISC), which owns and manages Nascar race tracks, went up almost two per cent after it reported Henry’s potential investment. 

The news comes amid Nascar’s well-documented slide, which in recent years has been typified by annual declines in attendances and TV ratings.

Reports emerged in June that Nascar owners the France family are looking to bring in minority partners after it was initially claimed that they might look to sell their majority stake. Last month, the organisation bid US$1.9 billion to acquire the ISC, a move that would see the two companies operate under a single umbrella, making it easier for a new investor to come in.

Should Henry, 69, make an official move for Nascar, it would add to his company Fenway Sports Group’s (FSG) sporting empire, which as well as Liverpool includes Major League Baseball (MLB) champions the Boston Red Sox and 80 per cent of the New England Sports Network. The company also holds 50 per cent of Nascar outfit Roush Fenway Racing.

In November, the New York Post said that Henry had signalled a willingness to sell Liverpool and was running a ‘passive sales process’ for the Premier League soccer club. However, the English outfit’s chief executive Peter Moore has since moved to deny those reports, insisting that the club is not for sale.