Fenway Sports Group has agreed to sell a 30% minority stake in Liverpool FC to a consortium including Amazon founder Jeff Bezos, valuing the club at £5bn to £6bn.
Key Points
- The investment group 1892 Holdings is led by businessman Amit Bhatia, who will join the Liverpool board as vice-chairman.
- Jeff Bezos is investing through his venture capital firm K5 Sports, marking his first entry into professional sports ownership.
- Facebook co-founder Eduardo Saverin is also part of the consortium, which holds an option to increase its stake in the future.
- Fenway Sports Group retains majority ownership and operational control of the club, which recently reported record revenues of £703m.
- The deal does not include a new transfer budget, and the club maintains that its approach to player recruitment remains unchanged.