Amazon founder Jeff Bezos consortium reportedly bought nearly 40 percent of Liverpool
There is also an option for the consortium to buy a controlling stake in Liverpool in the next 12 months, though that does not involve a formal commitment.
A consortium including Amazon founder Jeff Bezos purchased nearly 40 percent of Premier League champions Liverpool, according to the Athletic. Initially, it was reported that 1892 Holdings had bought a third of the club from Fenway Sports Group, Liverpool's owners. However, the Athletic clarified that the actual figure was closer to 38 percent.
The consortium, led by British-Indian millionaire Amit Bhatia, also includes Bezos and Eduardo Saverin, co-founder of Facebook. Bezos, the world's fourth-richest person with a net worth of $256 billion, made this his first investment in a sports team, following previous interest in NFL franchises. Bhatia, son-in-law of Indian billionaire Lakshmi Mittal, previously co-owned QPR for 18 years.
FSG, the club's current owners, bought Liverpool for $406 million in 2010 and sold a minority stake to Dynasty Equity three years ago. Liverpool begins their Premier League campaign against Newcastle on Sunday, aiming to recover from a fifth-place finish last season. This led to the dismissal of manager Arne Slot just 12 months after a title-winning first season.
With the transfer window still open, the new investment could help Liverpool manager Andoni Iraola strengthen the squad for the upcoming season. Since the end of last term, Liverpool has spent around £94 million on Jeremy Jacquet and Victor Munoz.
Written by urgent.news from IOL's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
