Urgent.News

What's breaking now, across thousands of outlets.

Business

Jeff Bezos nears $6B Liverpool FC stake deal

Amazon founder Jeff Bezos is reportedly nearing a significant investment deal to become a co-owner of Liverpool Football Club. The potential deal, led by a consortium headed by Amit Bhatia, could see Bezos invest alongside co-founder Eduardo Saverin, potentially exceeding the previously reported 30% stake and giving Liverpool one of the wealthiest investor groups in sports history.

According to Sky News, the deal could value Liverpool at around $6 billion, placing the club among the most valuable sports assets in major investment deals. Despite an estimated personal fortune exceeding $280 billion and Saverin worth over $32 billion, the duo's involvement would still be a minority position within the club's ownership structure.

Fenway Sports Group (FSG), the current controlling shareholder, would remain in control of Liverpool. The deal is not expected to result in a full takeover but rather a substantial minority investment, which could still have significant implications for the club's commercial value and future prospects.

The proposed investment in Liverpool comes at a time when the sport continues to attract enormous sums from some of the world's wealthiest investors. FSG purchased the club for around £300 million in 2010, and a potential $6 billion valuation underscores the remarkable increase in value under their ownership. If the deal is finalized, Bezos' involvement would add another billionaire name to the Premier League's evolving landscape of powerful ownership groups.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 2 other outlets

Read the original at economictimes.indiatimes.com →

More in Business

More from Friday 14 August →