Two years ago, when Michael Edwards re-joined Liverpool to become CEO of Football for FSG, he did so with the recommendation that the American ownership group seek to expand their football portfolio and explore a multi-club model. But today, it seems unlikely that FSG will follow through on this expectation.

On today's episode, Joe & Jon perform Ring for Analysis, while reading through James Pearce's story on this topic, discussing what this means for Liverpool, FSG and Michael Edwards' future. https://www.nytimes.com/athletic/7125072/2026/03/20/liverpool-fsg-michael-edwards-future/

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