As Fenway Sports Group investigates Liverpool sale, President Mike Gordon puts responsibility in charge

The developments are unrelated, the sources said, but the transfer of staff from Gordon to Hogan is still being considered by all suitors, who are currently reviewing the club’s books and weighing the pros and cons of a partial or full investment offer.

Gordon’s retirement is described as a natural progression, something he sought. The impact of his withdrawal will be mitigated by the club’s growing confidence in Hogan, whose responsibilities will include working more closely with manager Jurgen Klopp on team-building decisions.

Mike Gordon celebrated with Liverpool players at a parade to celebrate the team’s Champions League win in 2019. Andrew Powell/Liverpool FC via Getty Images

Internally, FSG views Hogan’s leadership and management skills in the same light as PGA Tour Commissioner Jay Monahan and former FSG Executive Vice President, and Red Sox President and CEO Sam Kennedy.

Hogan lives in England while Gordon lives in the Boston area.

That summer left Michael Edwards, the club’s sporting director, who is credited with identifying many of the club’s best players for pickup or delivery. He mentioned the desire to start a new professional chapter that has yet to be determined. Edwards was replaced internally by Julian Ward.

Gordon, Edwards and Klopp have worked closely together in recent years which have seen Liverpool achieve the highest peaks in European club football, including winning the 2020-21 Premier League and the Champions League the year before.

“[Gordon is] just the brain behind all things at Liverpool, that’s how it is,” Klopp said in a 2020 interview. “We can have ideas, we can have plans, but in the end he decides whether we make it or not.”

The job change is in the initial phase.

Gordon is not fully stepping down from his role at Liverpool and will continue to make himself available to Hogan should the need arise.

Liverpool’s value was valued at $4.45 billion by Forbes this autumn, 803 per cent more than the $493 million the FSG paid for it in 2010.

Tom Werner, Mike Gordon and John Henry (from left) and Fenway Sports Group have owned Liverpool since 2010.John Powell/Liverpool FC via Getty Images

Forbes ranked Liverpool as the 22nd most valuable sports franchise in the world, eight places ahead of FSG’s original team, the Red Sox ($3.9 billion).

Liverpool have performed inconsistently and below expectations this season. At the start of the last game this weekend before the extended World Cup break, Liverpool were eighth in the Premier League, four places behind Champions League qualification.

With the prognosis for Liverpool’s future uncertain, Fenway Sports Group is still looking to expand, particularly in the United States. Possibilities include an NBA team — the organization has been repeatedly tied to an expansion franchise in Las Vegas — and the NFL, although current ownership rules prevent FSG from buying a franchise due to FSG’s private equity partners.

Nothing prevents FSG principal owner John Henry, who also owns The Globe, from putting together a private consortium to buy a franchise like the Washington Commanders that recently launched.

A source said FSG would pursue an NBA or NFL team if it makes sense, but that FSG will not publicly announce its intentions.

Less than a year ago, the FSG bought the NHL’s Pittsburgh Penguins for $900 million.

Gordon is the fourth largest shareholder in FSG.

Michael Silverman can be reached at [email protected] Follow him on Twitter: @MikeSilvermanBB.


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