Amazon founder Bezos nears deal to buy stake in Liverpool - Reports
Summarized and contextualized by DistantNews.
At a glance
- Amazon founder Jeff Bezos is reportedly nearing a deal to acquire a significant stake in Premier League club Liverpool.
- The investor group also includes Facebook co-founder Eduardo Saverin and is reportedly led by Amit Bhatia.
- The deal would value the club at approximately ยฃ4.4 billion ($5.9 billion), highlighting its substantial increase in worth.
A consortium including Amazon founder Jeff Bezos is reportedly on the verge of acquiring a substantial stake in the storied English football club Liverpool. The deal, which could be announced as early as this week, would see the investor group take approximately one-third ownership of the Premier League giant.
Sources indicate that the investor group is being spearheaded by Amit Bhatia, a former shareholder in Queens Park Rangers and the son-in-law of steel magnate Lakshmi Mittal. Notably, the group also features Facebook co-founder Eduardo Saverin, adding further tech and business magnate power to the potential acquisition.
This potential investment would place Liverpool's valuation at around ยฃ4.4 billion ($5.9 billion). Such a figure underscores the remarkable growth in the club's worth since it was acquired by its current owners, Fenway Sports Group (FSG), in 2010. FSG has been exploring external investment opportunities in recent years while aiming to maintain overall control.
The reports emerge as Liverpool navigates a period of transition, having recently seen the departure of manager Arne Slot and star forward Mohamed Salah. Michael Edwards, a key figure in assembling the squad that ended a 30-year league title drought in 2020, also left his executive role in July. Neither Liverpool nor FSG has yet commented on the unfolding reports.
Originally published by CNA. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.