Consortium including Amazon founder Bezos to buy minority stake in Liverpool

Aug 14 : A consortium including Amazon founder Jeff Bezos has reached a definitive agreement to buy a minority stake in Liverpool, the Premier League club's owners Fenway Sports Group said on Friday.

A source familiar with the matter said the stake is about one-third. FSG, which bought Liverpool in 2010, will maintain the majority share and operational control of the club.

The consortium, named 1892 Holdings, is led by former Queens Park Rangers chairman Amit Bhatia and also includes the Mittal Family Trusts, EE Capital and the K5 Sports fund, where Bezos is the lead investor.

"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 said in a statement.

CNA Games

Guess Word

Crack the word, one row at a time

Buzzword

Create words using the given letters

Mini Sudoku

Tiny puzzle, mighty brain teaser

Mini Crossword

Small grid, big challenge

Word Search

Spot as many words as you can

Show More

Show Less

"Their experience and perspective will complement the strong foundation already in place, and we look forward toworking together."

Bhatia will become the club's new vice chairman and join the expanded board along with Elaine Saverin from EE Capital and Bryan Baum from K5 Sports. Bezos will not have a seat on the board, according to the source.

"To be welcomed as a partner in a club of this stature is a huge privilege," Bhatia said.

"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.”

Liverpool, who have been English champions a joint-record 20 times, finished fifth in the Premier League last season. They will start the new campaign at Newcastle United on August 23.

A single handpicked story that we think you shouldn't miss. Just one a day.

Get our pick of top stories and thought-provoking articles in your inbox

Stay updated with notifications for breaking news and our best stories

Join our channel for the top reads for the day on your preferred chat app