Urgent.News

600+ sources. One page. See who else covered it.

Editions

World

Liverpool sell minority stake to Jeff Bezos consortium

LONDON: Liverpool’s owners have agreed to sell a minority stake in the Premier League club to a consortium including Amazon founder Jeff Bezos.

Liverpool sell minority stake to Jeff Bezos consortium

Liverpool's owners have agreed to sell a minority share in the Premier League club to a group including Amazon founder Jeff Bezos, according to reports. The consortium, led by British-Indian businessman Amit Bhatia, also includes Facebook co-founder Eduardo Saverin. The deal is estimated to value Liverpool at between £5 billion and £6 billion.

Bezos, the world's fourth-richest person with a net worth of US$256 billion, is not expected to join Liverpool's board of directors. However, K5 Sports founder Bryan Baum and Saverin's wife Elaine have been appointed to the board. FSG president Mike Gordon stated that the consortium shares FSG's long-term philosophy and appreciation for Liverpool.

The deal is set to increase the club's expertise through global business, technology, and investment perspectives. FSG will retain control of decision-making at Anfield.

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

This story

This is one outlet's version. Read the fullest account.

Read the original at nst.com.my →

More in World

More from Friday 14 August →