Bezos consortium enters 'definitive agreement' to buy Liverpool stake
The world's fourth-most wealthiest person, Jeff Bezos, buys a minority stake in Liverpool along with a Facebook co-founder.
Amazon founder Jeff Bezos is leading a consortium that has acquired a 30% stake in Premier League club Liverpool, according to the English soccer giant. The investor group also includes Facebook co-founder Eduardo Saverin, and British-Indian entrepreneur Amit Bhatia. The deal is reported to value Liverpool at around $6 billion, but the immediate ability to spend more on players is not expected to increase.
The club's owner, Fenway Sports Group (FSG), confirmed the sale to 1892 Holdings in a statement. The investment comes as the Premier League faces financial rules aimed at maintaining competitive balance and ensuring the sustainability of clubs. While the new majority owners will bring increased marketing efforts and commercial revenue, they cannot simply overspend on player transfers.
Written by urgent.news from ABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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