According to an article in todays Wall Street Journal, Liverpool owner John Henry's investment firm, John Henry and Co is in trouble. The firm founded in 1982 by Henry has sent out a letter to the firms clients informing them that they "effectively cease operations supporting outside investor" as of the end of the year. According to the report in the Journal, Henry wrote in the email “We have been returning assets to investors with a desire to exit the client business by year-end.”
The investment firm which is where Henry made his fortune, has now "less than $100 million in assets under management, compared to more than $2.5 billion just six years ago."
This downturn in fortune for Henry might partially explain some of the recent transfer dealings for Liverpool and the Boston Red Sox. As well documented Liverpool did not spend in the summer transfer window. While Henry's Red Sox dumped 275 million dollars worth of players mid-season.
John Henry is still a wealthy man. However, this latest development has to be very worrying for Liverpool fans who wished Henry would spend more money.
H/T Boston Business Journal
