Liverpool's owners are planning to spend big

Liverpool owners Fenway Sports Group have reportedly held talks over buying Formula 1 team Cadillac. The sports conglomerate is in contention to buy a majority stake for more than £2billion.

Cadillac are jointly owned by General Motors and Mark Walter's TWG Global. The latter has been selling off his sporting assets amid allegations of insurance fraud.

TWG has sold a controlling interest in the Los Angeles Lakers, a 13 per cent stake in Chelsea and is looking to sell the WNBA team, the Los Angeles Sparks. Walter is being investigated by the US Department of Justice over alleged fraud at his insurance companies, Delaware Life, Clear Spring and EquiTrust, a claim TWG denies.

An imminent sale of Cadillac has also been rejected but the Guardian reports that FSG are among a number of interested parties who have engaged in talks. The Liverpool owners are said to be considering other sporting investments after selling a 38 per cent stake in the Reds to a consortium that includes Amazon founder Jeff Bezos.

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That group has also secured an option to complete a full takeover of Liverpool before August 2027. Amit Bhatia fronts the consortium named 1892 Holdings.

FSG, which also holds majority stakes in the Boston Red Sox and NHL team Pittsburgh Penguins, have already made significant profit at Liverpool, having bought the club for £300m in 2010. The stake sold in the summer values the club at £5.5bn.

FSG has a history of motorsport investment with a stake in NASCAR team RFK Racing. F1's dramatic growth in recent years is said to have proven attractive.

Cadillac entered F1 only a year ago and generated excitement with veteran drivers Sergio Perez and Valtteri Bottas. They are set to finish at the bottom of the standings this season after large startup costs and operational expenditures as they find their feet in the sport.

Nevertheless, the team appears to have maintained its value due to the sport's continued commercial boom. Whether a move into F1 could come in tandem with an Anfield exit remains to be seen.

New Liverpool investor and ex-QPR chief Bhatia was delighted to combine with FSG in the summer. “We’re talking about the greatest football club in the world so to have the ability to be involved in any capacity is a huge privilege and a huge honour. There’s just so much to admire, so much to frankly be in awe of," Bhatia told LFCTV.

“It’s subject to all kinds of regulatory approvals that we’re going through, but the fact that we’ve been potentially welcomed in by FSG to be part of such an iconic football club like Liverpool, it’s the stuff of dreams.

“Over a period of time we’ve got to know the ownership group at Liverpool very well and I consider them the best owners in sports. I consider them people of the highest integrity that always put the interests of the club first.”