Donald Trump US presidential election loss could help Liverpool make billions

And Andrew Zimbalist, an economist at Smith College in Boston, Massachusetts, and member of the editorial board of the Journal of Sports Economics, has explained exactly what a Biden victory could mean for Liverpool’s plans.

“A motivation in the United States is to take some of the capital gain that John Henry and Tom Werner have experienced and realise that capital gain prior to the, hopefully, new administration that comes in January,” Zimbalist told the Liverpool Echo.

“Joe Biden has talked about raising tax rates, which were lowered substantially under Trump.

“Therefore you want to be able to realise your capital gain before that tax rate was lifted.”