3 weeks ago
Bhatia-led consortium with Bezos, Saverin to buy 30% Liverpool stake
Some very rich people want to buy part of a famous football club.
The club is Liverpool Football Club, which plays in England.
The person leading the group is Amit Bhatia, whose father-in-law is a very wealthy businessman named Lakshmi Mittal.
The other people in the group include Jeff Bezos, who started Amazon, and Eduardo Saverin, who helped start Facebook.
They want to buy 30 percent of the club, not all of it.
The club is currently owned by a company called Fenway Sports Group.
If the deal happens, Fenway will still be the main owner.
The new investors could give Liverpool more money to spend and help find new sponsors.
Fans hope this will make the club stronger.
The deal might be announced very soon.
Amit Bhatia, son-in-law of steel tycoon Lakshmi Mittal, is leading a consortium to acquire a 30% stake in Liverpool Football Club.
The investor group includes Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin.
Sky Sports reports Fenway Sports Group, Liverpool's owner since 2010, may announce the transaction this week.
Bhatia, a construction and private equity businessman, stepped down from Queens Park Rangers' board on July 21.
Liverpool generated €836m in revenue, the most of any English club, and FSG would remain in control after the deal.
- Who
- A consortium led by British-Indian businessman Amit Bhatia, including Jeff Bezos and Eduardo Saverin, with Fenway Sports Group as the current owner.
- What
- The acquisition of a 30% minority stake in Liverpool Football Club.
- Where
- Liverpool, England, home of Anfield and the football club.
- When
- An announcement is expected this week, according to Sky Sports; Bhatia left the Queens Park Rangers board on July 21.
- Why
- To strengthen Liverpool's financial position, open new sponsorship avenues, and because sports is seen as one of the few asset classes with a moat against AI disruption.
Key facts
- Club
- Liverpool Football Club
- Stake sought
- 30% minority stake
- Consortium leader
- Amit Bhatia
- Other investors
- Jeff Bezos and Eduardo Saverin
- Current owner
- Fenway Sports Group (FSG), since 2010
- FSG purchase price
- £300 million in 2010
- Club revenue
- €836 million, highest among English clubs
- Club valuation
- More than $4.5 billion (2023 Dynasty Equity deal)
Quotes
Arjun Nagarkatti
Head of private bank, US and Europe international at Deutsche Bank
“Sports is “one of the few asset classes that has a moat against AI (artificial intelligence).”
firstpost.com
Sources
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