A consortium led by U.S. billionaire Jeff Bezos has purchased a significant stake in Liverpool Football Club, marking a major move in the club's ownership structure. The deal, which was initially reported to be around 30-33%, has now been confirmed to be closer to 40%, according to sources close to the transaction. This move comes as part of a strategic investment aimed at supporting Liverpool's long-term growth ambitions.
The consortium, known as 1892 Holdings, is headed by Amit Bhatia, a former co-owner of Queens Park Rangers, who will take on the role of vice-chairman at Liverpool. Other key members of the consortium include the family office of Facebook co-founder Eduardo Saverin and his wife Elaine, as well as the Mittal Family Trusts. Bezos' involvement is through K5 Sports, and his participation is significant as it marks his first foray into sports ownership. However, it is important to note that Bezos will not have a seat on the board, with Bryan Baum from K5 Sports and Elaine Saverin joining Bhatia on the board.
The transaction between Fenway Sports Group (FSG) and 1892 Holdings is structured in a way that FSG will continue to be the majority shareholder and retain operational control of the club. FSG's statement emphasizes the strategic investment as a partnership that will enhance the club's objectives both on and off the pitch. Bhatia, speaking on behalf of 1892 Holdings, expressed pride in the investment and respect for FSG, stating that the consortium is committed to supporting Liverpool's continued success.
The deal also includes an option for 1892 Holdings to potentially acquire a controlling stake in the club within the next 12 months, although this is not a formal commitment and would be subject to further negotiations and agreements.
