In 2019, Liverpool owner John W. Henry attempted to sell his seven-bedroom, 19-bathroom Boca Raton mansion in Florida.
Although Henry, who is worth £4 million ($5.1 million), paid £511,000 ($650,000) for the house in 1991, he didn’t begin to use it until five years later. After 20 years of usage, the American attempted to collect £19.6 million ($25 million) for the property, with potential purchasers receiving their own movie theater, recording studio, outdoor wood-burning pizza oven, and subterranean wine cellar that can hold 1,000 bottles.
But after failing to find a buyer, he was forced to cut the asking price by an astounding £7.8 million ($10 million), according to Business Insider. One of the few well-known homes to have a severe decline in property value % was the one with the price reduction. The price of Michael Jackson’s iconic Neverland Ranch was drastically reduced by 70% from its initial asking price, and the price of a billion-dollar hilltop property fell to £511 million ($650 million).
The 73-year-old, who leads the Fenway Sports Group, faced harsh criticism early in the season for what was seen as a lack of expenditure on the playing team as rivals Newcastle and Liverpool cut costs. Additionally, FSG looked for additional Merseyside Club investors.
“While we formalised a process that has identified potential investors for the club, we remain fully committed to the long-term success of the club,” Henry told the Liverpool Echo. “That has been the case since day one in 2010. Our efforts every day have been and continue to be focused on the long-term health and competitiveness of the club.
“Investment in the club is never for the short term. This approach has been successful over the long haul with patience necessary from time to time. We’ve seen many football clubs go down unsustainable paths. We have and will continue to focus our attention on investing wisely in the transfer market and we remain incredibly proud of our squad.
“At the same time we continue investing in our training facilities, our main stand and currently the Anfield Road stand. These are all physical reflections of our resolve and how very seriously Fenway Sports Group takes its responsibilities for this great club. In regard to Liverpool Football Club, our commitment remains stronger than ever.”
Liverpool has still seen considerable success under FSG, winning the Premier League, Championship League, FA Cup, and EFL Cup under their stewardship. The 2019/20 Premier League win was the Club’s first top-flight league title since 1990.
This season, the Reds find themselves in a Premier League title fight. Jurgen Klopp’s men are occupying the top three alongside Arsenal and defending champions Manchester City. Aston Villa also can’t be ruled out at this stage either, with Unai Emery’s men flying high on 29 points.