Sports Investment firm dynasty equity have bought a minority stake in English premier league club Liverpool.

Financial details were not disclosed but British media reported the minority stake was sold for between $100 million to $200 million dollars.

According to the club’s owners Fenway Sports Group (FSG) the investment will be used primarily to pay off the club’s bank debt and also for summer transfers and stadium expenses to enhance Anfield’s capacity along with expenses in building the training centre and repurchasing the Melwood training ground for the women’s team.

On the field the reds are currently second on the English premier league table on 16 points…….2 behind treble winners Manchester city.