Jeff Bezos Consortium Acquires Stake in Liverpool FC
Fenway Sports Group (FSG) has confirmed a definitive agreement to sell approximately one-third of Liverpool FC to a consortium named 1892 Holdings, which is led by British-Indian businessman Amit Bhatia and includes billionaire Eduardo Saverin, co-founder of Facebook. The deal is valued between £5 billion and £6 billion.
Amit Bhatia is set to become the vice-chairman of Liverpool FC and will join an expanded board, pending regulatory approval. Bhatia previously served as a director and co-owner of Queens Park Rangers for 18 years before selling his stake last month.
Jeff Bezos, the founder of Amazon and the fourth-richest person globally with an estimated net worth of $256 billion, is making his first venture into sports ownership through this consortium, although he will not join Liverpool's board. Instead, Bryan Baum, founder of K5 Sports, through which Bezos is investing, will join the Anfield board along with Saverin's wife, Elaine.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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