Explained: Why FSG have agreed to sell Liverpool stake to 1892 Holdings as Bezos role clarified
On Friday, Liverpool FC owners Fenway Sports Group (FSG) confirmed the sale of a minority stake in the club to 1892 Holdings, a consortium led and managed by Amit Bhatia and including Amazon founder J...
Fenway Sports Group (FSG), Liverpool FC's owners, have agreed to sell a minority stake in the club to 1892 Holdings, a consortium led by Amit Bhatia and including Amazon founder Jeff Bezos. According to a statement on liverpoolfc.com, FSG will retain majority ownership and operational control of the club. The size and value of the stake have not been disclosed, but sources with knowledge of the investment suggest it is around 30%.
The proposed transaction has raised concerns among Liverpool FC fans, who seek transparency regarding the due diligence process and whether this is part of a future club-wide sale plan. FSG has agreed to the partnership because of the potential benefits to their global operations, with Bhatia potentially opening doors in Asia and Bezos and Facebook co-founder Eduardo Saverin assisting in growing the club's strong brand.
FSG will continue to take responsibility for the day-to-day running of the club, and Bhatia will assume the role of vice-chairman, joined on the club's board by Elaine Saverin (wife of Eduardo) and Bryan Baum of K5 Sports. Bezos is not set to have a seat on the board.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Liverpool complete $1.9 billion investment deal with Jeff Bezos amongst consortium sports.yahoo.com
- Liverpool deal with Bezos consortium raises stakes in US battle for Premier League power nst.com.my
- Jeff Bezos' Liverpool deal raises stakes in US battle for Premier League power iol.co.za
- Bezos-backed consortium buys a third of Liverpool bbc.co.uk
