Michael Edwards has reportedly grown ‘frustrated’ with the Liverpool hierarchy after Fenway Sports Group has idled with plans to build a multi-club model. The football boffin returned to Liverpool two years ago, having accepted the newly created role of FSG’s CEO of Football.

Having originally stepped down as sporting director in 2022, there was plenty of optimism surrounding Edwards’ return. It’s reported that Edwards had rejected several approaches from top European clubs, including offers from Premier League rivals, Chelsea and Manchester United.

One of the supposed reasons Edwards returned to the club was the promise of overseeing a multi-club model, akin to those of Manchester City, RB Leipzig and Chelsea. However, it’s being reported by The Athletic that the Reds’ hierarchy are taking too long to activate the plan, which is yet to come to fruition.

It’s said that Edwards, along with technical director Julian Ward and director of football development Pedro Marques have been scouting potential options across Europe since 2024. The trio have put in plenty of groundwork, but nothing has come of it so far, leading to the frustration. And that raises concerns about his long-term future under FSG.

It’s believed 25 clubs have been earmarked as potential options, with a focus having been placed on Spain, Portugal and France. Among those, it’s said Bordeaux, Malaga and Getafe have all been considered, but there’s been no green light yet.

Meanwhile, discussions have also been held with Monaco about the potential of a partial takeover, with conversations taking place in early 2025. Things are said to have broken down after consulting UEFA over the governing body’s multi-club ownership rules, amid doubts Liverpool and Monaco wouldn’t be able to play in the Champions League together.

When Edwards returned to the Merseyside outfit, he’d said: “One of the biggest factors in my decision is the commitment to acquire and oversee an additional club, growing this area of their organisation. I believe that to remain competitive, investment and expansion of the current football portfolio is necessary.”

As things stand, that project looks dead in the water. It’s suggested that FSG have been provided with all of the information surrounding an acquisition, but have simply not pushed forward with a plan. For now, the project remains dormant, with no sign of that changing anytime soon.