Liverpool’s owners, Fenway Sports Group (FSG), have completed the sale of a 30 percent stake in the Premier League champions to a consortium featuring Amazon founder Jeff Bezos, Facebook co-founder Eduardo Saverin and British-Indian businessman Amit Bhatia.
The deal, reportedly worth about £1.65 billion, values Liverpool at approximately £5.5 billion and represents one of the biggest minority investments in English football.
FSG confirmed it had reached a “definitive agreement” with 1892 Holdings for the strategic minority investment.
Read Also: Jeff Bezos closes in on 30% Liverpool stake as club valuation hits $6bn
Bhatia, who led negotiations with FSG, will become Liverpool’s vice-chairman and join an expanded board, subject to regulatory approval.
Bezos-backed investment
The consortium is led by Bhatia, son-in-law of Indian steel billionaire Lakshmi Mittal and former co-owner of Queens Park Rangers.
Its financial backing includes the Mittal Family Trust; K5 Sports, where Bezos is the lead investor; and EE Capital, the family office of Elaine and Eduardo Saverin.
Bezos, one of the world’s wealthiest individuals, has an estimated fortune of about $272 billion, according to Forbes. The Liverpool investment is his first major move into football club ownership.
The Amazon founder has previously explored potential investments in NFL franchises, including the Washington Commanders and Seattle Seahawks, but did not complete either deal.
Saverin, meanwhile, is estimated to be worth about $33 billion.
Despite the high-profile…
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Read Full Article by Anthony Nlebem at businessday.ng
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