http://www.telegraph.co.uk/sport/football/teams/liverpool/8446713/New-York-Times-takes-major-stake-in-Liverpool-football-club.htmlNew York Times takes major stake in Liverpool football club
The New York Times Company, Americaâs most distinguished newspaper group, has emerged as the second-largest shareholder in Liverpool FC, according to new disclosures from the clubâs owner, Fenway Sports Group.
REUTERS
By Paul Kelso 10:30PM BST 12 Apr 2011
John W Henry has revealed precious little detail about the ownership structure since he took control last October, but Premier League rules have required him to reveal that he and the Times group are the two most significant shareholders in FSG, which owns Liverpool and the Boston Red Sox.
The newspaper publisher, a publicly-listed company in the US, was known to be an investor in FSG, formerly New England Sports Ventures, but the size of its stake in the company and Liverpool was not previously clear.
When LeBron James secured a minuscule stake in FSG last week it attracted global interest, but the basketball starâs cosmetic involvement obscured this far more significant revelation.
Henry had initially declared only that he and club chairman Tom Werner shared 50 per cent of the voting rights in Liverpool, but has had to update the declaration of interest after the Premier League pointed out that it did not tally with its information.
The League requires clubs to declare all owners with more than 10 per cent, prompting a revised declaration on the clubâs website. It reveals that Henry and the Times group are the only investors with more than 10 per cent of FSG, though Henry is understood to be the largest single shareholder.
The statement also says that Werner is one of âa range of investorsâ in FSG.
The statement reads: âThe economic interest in this company is held by a range of investors, including Tom Werner.
Those holding more than a 10 per cent interest are John Henry and the New York Times Company (which is quoted on the New York Stock Exchange).
John Henry and Tom Werner are generally responsible for the management of Fenway Sports Group.â
The New York Times is an American daily newspaper founded, and continuously published in New York City, since 1851. The New York Times has won 104 Pulitzer Prizes, the most of any news organization.[2] Its website is the most popular American online newspaper website, receiving more than 30 million unique visitors per month.[3]
Nicknamed "The Gray Lady", and long regarded within the industry as a national "newspaper of record", the New York Times is owned by The New York Times Company, which also publishes 18 other regional newspapers including the International Herald Tribune and The Boston Globe. The company's chairman is Arthur Ochs Sulzberger Jr., whose family has controlled the paper since 1896.[5]
The domain NYtimes.com attracted at least 146 million visitors annually by 2008 according to a Compete.com study.
The New York Times Web site ranks 59th by number of unique visitors, with over 20 million unique visitors in March 2009 making it the most visited newspaper site with more than twice the number of unique visitors as the next most popular site.
« Last Edit: Apr 12, 2011 11:48:48 pm by eurored »
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