Thursday briefing: PSG and Liverpool investor Arctos subject to $1 billion takeover

Arctos, the US investment company with stakes in PSG and Liverpool owner Fenway Sports Group (FSG), has been subject to a takeover by KKR that values the firm at $1 billion, according to Bloomberg.

Texas-based Arctos, which manages more than $14 billion in assets, has an extensive portfolio of sports investments, including a 12.5 per cent share in Champions League winners PSG, as well as a €34 million stake in Italian club Atalanta, a share in FSG, and a stake in MLS side the Portland