FSG's reluctance to pay £115m sees key figure leave the club | OneFootball

Micheal Edwards has stepped down as CEO of football for Fenway Sports Group with a season remaining on his three year contract.

This is his second exit from the club after the 47 year-old parted ways back in 2022 due to tensions with Jurgen Klopp.

James Pearce and Paul Joyce have both reported the owners are not looking for a replacement as FSG president Mike Gordon is set to take control of running football operations.

This time it is the lack of progress in acquiring a second European team and embracing the multi-club model that prompted Edwards to signal his intention to move on last autumn.

The rumoured price to purchase La Liga side Getafe CF was reported to be around £115m, however the proposed takeover was officially abandoned.

In an FSG statement Edwards said: "I leave believing Liverpool is in a strong position, with outstanding people, a clear direction and the foundations in place for continued success.

"When I returned I was excited not only by the opportunity to help guide Liverpool through an important period of transition, but also by the chance to help FSG's wider football ambitions.

"While that broader project ultimately evolved differently to how we had originally envisaged, I am proud of the work our team undertook in presenting ownership with a broad rage of thoughtful and well-developed options for the future."