Bezos-Backed Group Buys One-Third of Liverpool FC at Over $7 Billion
Updated
Updated · The New York Times · Aug 14
Bezos-Backed Group Buys One-Third of Liverpool FC at Over $7 Billion
3 articles · Updated · The New York Times · Aug 14
Summary
$7 billion-plus is the valuation attached to Liverpool FC in a deal announced Friday by majority owner Fenway Sports Group, which is selling about one-third of the club.
Amit Bhatia is leading the investor consortium, 1892 Holdings, and is set to become Liverpool vice chairman after closing, according to a person familiar with the arrangement.
Jeff Bezos is investing through K5 Sports, part of K5 Global, but will have no operating role; K5 co-founder Bryan Baum will join Liverpool’s board.
EE Capital, which manages Eduardo and Elaine Saverin’s wealth and assets, is also a major backer of the group, and Elaine Saverin will take a board seat.
Fenway said the buyers share Liverpool’s long-term approach, underscoring how elite football clubs continue to draw deep-pocketed global investors.