Categories: Sports

Liverpool’s owners sell over 30% stake to Jeff Bezos-backed consortium

Liverpool’s owners Fenway Sports Group Holdings (FSG) have agreed to sell around a third of the club to a consortium including Amazon founder Jeff Bezos.

The deal will see Bezos participate in an investor group of a syndicate which is led by Amit Bhatia, the son-in-law of steel billionaire Lakshmi Mittal and until recently a shareholder in Championship club Queens Park Rangers.

The deal installs some of the world’s wealthiest individuals as co-owners of the Reds, one of the most successful teams in the history of English football.

Bezos alone has a fortune estimated by Forbes at over £207 billion ($280 billion). This marks his first foray into sports ownership, although he will not join Liverpool’s board as Bhatia will be vice-chairman.

Barcelona prepare third bid for Rodri after Man City reject £55m

Their investment in Liverpool values the club somewhere in the region of £6 billion ($6-7 billion), making it one of the sport’s richest-ever deals.

FSG said the deal “supports Liverpool’s long-term growth ambitions by bringing together experts from across global business, technology, and investment.”

FSG added: “The consortium partners will work with FSG and the club’s leadership team to evaluate opportunities that enhance the club’s objectives on and off the pitch

“FSG continues to retain majority ownership and operational control of Liverpool.”

Segun Ojo

Recent Posts

Abiodun rescues Buhari estate from forfeiture, delivers 108 housing units

Ogun State Governor, Dapo Abiodun, has revived the President Muhammadu Buhari Estate in Abeokuta after…

16 minutes ago

Shallipopi accuses Dapper Music of withholding over $1m

Nigerian singer Shallipopi has joined a growing list of Nigerian artistes calling out Dapper Music…

20 minutes ago

PETROAN backs Tinubu on refinery revival, demands firm timelines from NNPC

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has backed President Bola Tinubu’s…

25 minutes ago

Tinubu is not Nigeria’s main problem, institutional corruption is — Femi Kuti

Afrobeat musician Femi Kuti has argued that President Bola Ahmed Tinubu is not Nigeria’s fundamental…

28 minutes ago

Man City miss Chelsea’s deadline to bid for Fernandez as Martinelli rejects Galatasaray

The 5pm Friday deadline set by Chelsea for Manchester City to make their bid for…

36 minutes ago

I paid my university fees with proceeds from goat — Dino Melaye

Former Kogi State Senator, Dino Melaye, has revealed that his journey into investment and wealth…

39 minutes ago

This website uses cookies.