Bezos consortium buys nearly 40% stake in Liverpool
1892 Holdings has an option to buy a controlling stake within 12 months, although it does not involve a formal commitment.
US tech giant Amazon founder Jeff Bezos, along with a consortium led by British-Indian millionaire Amit Bhatia, has acquired nearly 40% stake in Premier League football club Liverpool. Initially reported as a third of the club, the actual figure stands at 38%, according to the Athletic. The deal, which includes an option for the consortium to purchase a controlling stake within the next year, was announced by US-based FSG, who previously owned a minority stake in the club.
Bezos, the world's fourth-richest person with an estimated net worth of $256 billion, is making his first investment in a sports team after previously considering purchasing NFL franchises. FSG, the original owners of Liverpool, paid £300 million ($406 million) for the club in 2010 and sold a 3% stake to Dynasty Equity in 2013. Liverpool's new manager, Andoni Iraola, is expected to benefit from the substantial investment as they aim to strengthen the squad ahead of the upcoming Premier League season, following a disappointing fifth-place finish last year.
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- Bezos consortium buys nearly 40% stake in Liverpool freemalaysiatoday.com
