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Consortium including Jeff Bezos reach agreement to buy minority stake in Liverpool

RE

Reuters

Published 1 hour ago

A consortium including Amazon founder Jeff Bezos has ⁠reached a definitive agreement to buy a minority stake in Liverpool, the Premier League club's ‌owners Fenway Sports Group said on Friday.

[p]A source familiar ‌with the matter said the stake is ‌about one-third. FSG, which bought [a href="https://www.flashscore.ca/team/liverpool/lId4TMwf/"]Liverpool[/a] in 2010, will ‌maintain the majority share and operational control of ‌the club.[/p][p]The consortium, named 1892 Holdings, is led by former [a href="https://www.flashscore.ca/team/qpr/lrMHUHDc/"]Queens Park Rangers[/a] chairman Amit Bhatia and ‌also includes the Mittal Family Trusts, ⁠EE Capital and ‌the K5 Sports fund, where Bezos is the lead investor.[/p][p][b]"As ​we considered this opportunity, it became clear that Amit and the consortium shared ​our long-term philosophy and appreciation for what makes Liverpool special,"[/b] FSG president Mike Gordon said in ⁠a statement.[/p][p][b]"Their experience ​and perspective will complement the strong foundation already in place, and we look forward toworking together."[/b][/p][embed guid="abb3ff09-535b-4c4e-948f-3a8668b7e770" url="https://x.com/LFC/status/2088294580349251950" social-type="twitter" /][p]Bhatia will become the club's new vice chairman and ‌join the expanded board along with Elaine Saverin from EE Capital and Bryan Baum from K5 Sports. Bezos will not have a seat on the board, according to the source.[/p][p][b]"To be welcomed as a partner in a club of this stature is a huge privilege,"[/b] Bhatia said.[/p][p]"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.”[/p][p]Liverpool, who have been English champions a joint-record 20 times, finished fifth in the Premier League last season. They will start the new campaign at [a href="https://www.flashscore.ca/team/newcastle-utd/p6ahwuwJ/"]Newcastle United[/a] ⁠on August 23.[/p]

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