Liverpool Owners Fenway Sports Group Eye Majority Stake in Malaga

Liverpool owners Fenway Sports Group are interested in buying a majority stake in Spanish second-tier club Malaga. Get the latest updates on the potential takeover.

Spanish second-tier club Malaga has been put up for sale, attracting interest from various parties. Recent rumors suggested that Qatar Sports Investments (QSI) was in advanced talks to acquire the club, but a new contender has emerged: Fenway Sports Group (FSG), the US-based owner of Liverpool.

Fenway Sports Group's interest in Malaga is part of their long-term strategy to build a global sports project, similar to those of Manchester City or Red Bull. FSG is seeking expansion partners to support this vision, and Malaga presents an attractive opportunity. Specifically, FSG is targeting the majority stake held by Qatari businessman Abdullah Al-Thani.

Abdullah Al-Thani acquired Malaga in 2010 and invested heavily in the club, leading them to the Champions League quarter-finals. His stake in the club is now the focus of FSG's interest, as they explore the possibility of adding Malaga to their portfolio.

Abdullah Al-Thani's initial investment in Malaga showed promise, but his financial support eventually dwindled. As a result, the club faced significant challenges, including relegation from the top flight in 2018. Since then, Malaga has struggled both financially and on the field, and is currently operating under judicial financial administration.

The club's ownership structure is divided, with BlueBay, a real estate group, holding a minority 49% stake. Fenway Sports Group, the owner of Liverpool, has expressed interest in acquiring a majority stake in Malaga. Notably, FSG had previously explored purchasing France's Bordeaux but ultimately backed out of the deal.

Malaga's potential for growth, both sporting and commercial, is a significant draw for FSG. The city's selection as a host for the 2030 World Cup and plans to renovate La Rosaleda stadium further enhance the club's appeal. FSG believes that with the right investment, Malaga can realize its considerable potential..

Liverpool’s owners FSG are exploring a deal to purchase Spanish second-tier side Malaga 🇪🇸

✍️ @David_Ornstein pic.twitter.com/KP70Nnuu6E

— Football on TNT Sports (@footballontnt) March 29, 2025

Qatar Sports Investments (QSI) also has ambitions for Malaga, with plans to integrate the club into their existing portfolio, which includes Portugal's Braga and flagship club PSG. QSI aims to leverage Malaga as a hub for developing talented players and facilitating transfers. However, the current situation raises questions about which group will present the most compelling project to the club's administrators and ultimately secure the sale.

The decision ultimately rests with Malaga's administrators, who must carefully consider the proposals from FSG and QSI. Both groups have visions for the club's future, but the administrators must determine which project is most likely to ensure Malaga's long-term success and stability.