Liverpool kicks off new dynasty
With their famous shoulder padded dresses and big hairstyles, the cast of US soap opera Dynasty was a huge hit in the 80s. Liverpool FC will be hoping that the same is true, following news that US private equity firm Dynasty Equity has acquired a $100 million minority stake in the club. It is yet another sign of the Hollywood appeal of the English Premier League – and sports franchises more broadly – as VC and PE firms continue to snap up assets for their portfolios. Liverpool will be hoping this kicks off a new chapter of success with its latest biggest fan. Part of the investment will apparently be used for infrastructure as the club looks to improve its stadium, Anfield. We will all be watching to see how this new relationship plays out: hopefully it won’t have the frisson of Krystle Carrington (Linda Evans) and her mischievous counterpart, Alexis Colby (Joan Collins)…