2 weeks ago

Bezos-Led Consortium Secures Minority Stake in Liverpool F.C.

Bezos-Led Consortium Secures Minority Stake in Liverpool F.C.
Bezos Secures Minority Equity Stake in Liverpool, Confirms FSG · deccanchronicle.com

Liverpool is one of the most famous football teams in England.

The group that owns the team, called Fenway Sports Group, decided to sell part of it to a group of very rich investors.

The investors are led by a businessman named Amit Bhatia.

They include Jeff Bezos, who started the Amazon shopping website, and Eduardo Saverin, who helped start Facebook.

The team is worth billions of dollars.

The new investors said they love Liverpool and want to help it keep winning.

One of the investors will become the club's vice-chairman, which is like an assistant leader.

The deal may also give the team's coach more money to buy new players.

The sale will only be finished after football's regulators approve it.

Key facts

Club
Liverpool F.C. (Premier League)
Seller
Fenway Sports Group (FSG), US-based owners
Buyer
1892 Holdings, consortium led and managed by Amit Bhatia
Key investors
Amit Bhatia and the Mittal Family Trusts (family of steel magnate Lakshmi Mittal); K5 Sports with Jeff Bezos as lead investor; EE Capital (Elaine and Eduardo Saverin)
Reported stake
Around 30% (about one-third of the club)
Reported valuation
About $6 billion, or between £5 billion and £6 billion
Board changes
Bhatia as vice-chairman; Bryan Baum and Elaine Saverin expected on board; Bezos not joining board
Deal status
Subject to regulatory approvals and customary closing conditions; FSG retains majority ownership and control

Quotes

Mike Gordon

President of Fenway Sports Group

“Liverpool has always been built by thinking beyond one season and making decisions with the club's long-term interests in mind. That approach continues to attract interest from respected investors and business leaders around the world.”
deccanchronicle.com livemint.com
“"Liverpool has always been built by thinking beyond one season and making decisions with the club’s long‑term interests in mind," said Mike Gordon, FSG President.”
deadline.com

Amit Bhatia

Representative of 1892 Holdings, consortium leader

“"We are incredibly proud to be investing in Liverpool Football Club and to be doing so alongside FSG. We have the utmost respect and admiration for FSG as owners and for everything they have achieved at Anfield. To be welcomed as a partner in a club of this stature is a huge privilege. We are making this investment because we believe deeply in Liverpool and its leadership, and we look forward to supporting the club’s continued success for years to come."”
deadline.com

Sources

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