Jeff Bezos consortium bought nearly 40 per cent stake in Liverpool as club valued at more than £5bn
The deal sealed by 1892 Holdings had originally been said to have been for a smaller number of shares
Jeff Bezos, the founder of Amazon, and a consortium of investors including Facebook co-founder Eduardo Saverin has taken a significant stake in Liverpool Football Club. The consortium, which owns 38 percent of the club, valued Liverpool at over £5 billion. Alongside Bezos, Fenway Sports Group (FSG), the club's existing owners, are set to retain operational control.
The 1892 Holdings group, led by Amit Bhatia, and including Saverin, made a £1.5 billion investment. Bhatia, who is becoming a vice-chairman of Liverpool, is expected to play a significant role in the club's future direction. Elaine Saverin, Eduardo's wife, and Brian Baum from K5 Sports, Bezos' investment fund, have also joined the board as directors.
The deal, which includes a framework for future investment by 1892, does not affect Liverpool's transfer policy or budget. Bezos, with an estimated net worth of $270 billion, is among the world's wealthiest individuals. Saverin and Lakshmi Mittal, Bhatia's father-in-law, are also reported to have wealth exceeding $30 billion.
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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