Liverpool complete $1.9 billion investment deal with Jeff Bezos amongst consortium
Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin join Amit Bhatia's 1892 Holdings consortium in a $1.9 billion deal for a 30% stake in Liverpool FC
A consortium led by Amit Bhatia, including the founders of Facebook and Amazon, has successfully secured a $1.9 billion investment deal for a 30 percent stake in Liverpool FC. The deal valued the club at approximately £1.4 billion ($1.9 billion). While Bhatia will serve as vice-chairman, Jeff Bezos, the consortium's most prominent figure and Amazon founder, will not hold a seat on the restructured board.
Instead, Bryan Baum of K5 Global will represent Bezos on Liverpool's newly configured board. Elaine Saverin, the wife of Facebook co-founder Eduardo Saverin and valued at around £24 billion ($32.5 billion), will also join the expanded Liverpool board. The Saverin family is participating in the consortium through EE Capital. FSG maintains majority ownership and operational control of Liverpool, which they acquired for £300 million (around $470 million) in October 2010.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
