Liverpool football club finds part-owner in Jeff – Business News
A consortium together with Amazon founder Jeff Bezos has reached a definitive settlement to buy a minority stake in Liverpool, the Premier League club’s homeowners Fenway Sports Group mentioned Friday.
A source acquainted with the matter mentioned the stake is about one-third. British media stories mentioned the deal was price more than £1.5 billion, which values the club at over £5 billion ($7 billion).
FSG, which purchased Liverpool in 2010, will preserve the bulk share and operational control of the club.
The consortium, named 1892 Holdings, is led by former Queens Park Rangers chairman Amit Bhatia and likewise consists of the Mittal Family Trusts, EE Capital and the K5 Sports fund, the place Bezos is the lead investor.
A consortium together with Jeff Bezos has reached a definitive settlement to buy a minority stake in Liverpool, the Premier League club’s homeowners Fenway Sports Group mentioned. REUTERS
“As we considered this opportunity, it became clear that Amit and the consortium shared our long-term philosophy and appreciation for what makes Liverpool special,” FSG president Mike Gordon mentioned in a assertion.
“Their experience and perspective will complement the strong foundation already in place, and we look forward toworking together.”
Bhatia will turn out to be the club’s new vice chairman and be part of the expanded board together with Elaine Saverin from EE Capital and Bryan Baum from K5 Sports.
Bezos is not going to have a seat on the board, in accordance with the source.
“To be welcomed as a partner in a club of this stature is a huge privilege,” Bhatia mentioned.
“We are making this investment because we believe deeply in Liverpool and its leadership, and we look forward to supporting the club’s continued success for years to come.”
Bezos is not going to have a seat on the board. Liverpool have been English champions a joint-record 20 instances. AFP by way of Getty Images
Liverpool, who’ve been English champions a joint-record 20 instances, completed fifth in the Premier League final season.
They will begin the new marketing campaign at Newcastle United on Aug. 23.
