LIVERPOOL OWNERS CLOSE TO €1.58BN SALE OF 30% STAKE TO CONSORTIUM INCLUDING JEFF BEZOS

Group including Amazon founder has held talks with Fenway Sports Group

It is understood the deal is effectively agreed but may take up to a month to complete. Photograph: Jan Kruger/Getty Images

A consortium including Amazon founder Jeff Bezos is close to completing a deal for a 30 per cent stake in Liverpool after months of talks with Fenway Sports Group.

The investors are led by Amit Bhatia, the son-in-law of Indian billionaire Lakshmi Mittal, who previously was a shareholder at Queens Park Rangers. Facebook co-founder Eduardo Saverin is another member of the group who are set to pay in the region of £1.35 billion (€1.58 billion) for almost a third of the Premier League club. It is understood the deal is effectively agreed but may take up to a month to complete.

Bezos has a personal fortune of around $257 billion (€223 billion), according to Forbes, making him the fourth-richest person in the world, while Saverin is reportedly worth $32 billion (€28 billion). This will be Bezos’ first investment in football but he has previously looked into bidding for NFL franchises. The 62-year-old will receive equity as part of the deal, which it is understood Deloitte has advised on.

Bezos is the executive chair of Amazon having relinquished day-to-day control when he stepped down as chief executive five years ago. Under his leadership the online retailer has looked to diversify as an entertainment provider in recent years and has bought numerous sports rights for its streaming service.

Amazon had live UK rights for 20 Premier League games each season for six seasons until the end of last year, and broadcasts the Champions League in several European countries, as well as NFL in the US.

FSG bought the Merseyside club in 2010 and have overseen an era which has included two Premier League titles. FSG previously sold 3 per cent of the club to the US private equity firm Dynasty Equity in 2023.

It has been a summer of change at Anfield, with Andoni Iraola replacing Arne Slot as head coach, while Mohamed Salah left on a free transfer and has since joined Trabzonspor. Meanwhile, Michael Edwards departed his role as chief executive officer at FSG.

FSG has been approached for comment. 

– Guardian

- Will Unwin

LIVERPOOL RECEIVE OFFER FOR MINORITY STAKE FROM CONSORTIUM LED BY AMIT BHATIA WHICH COULD TAKE REDS' VALUE PAST £4.5BILLION - WITH BUSINESSMAN QUITTING ROLE AS QPR CO-OWNER

 

Businessman Amit Bhatia is part of a consortium in talks to buy a small stake in Liverpool

British-Indian businessman Amit Bhatia is part of a consortium in talks to buy a small stake in Liverpool that could take the club’s value to north of £4.5billion

Bhatia, the son-in-law of Indian billionaire Lakshmi Mittal, was co-owner at Championship side Queens Park Rangers – and has a stand named after him at Loftus Road – before surprisingly stepping down from their ownership setup on Tuesday.

A spokesperson for Liverpool owners Fenway Sports Group said in a statement: ‘An investment consortium led, managed, and represented by Amit Bhatia has expressed interest in making a strategic minority investment in Liverpool Football Club.’

Nothing is official yet and, if it was to proceed, it would follow a similar structure to a deal made three years ago when FSG sold a small stake to sports investment firm Dynasty.

Liverpool are currently in Chicago as they begin their pre-season tour of the USA. 

Andoni Iraola's side play Sunderland in Nashville on Saturday, followed by Wrexham in New York and Leeds back in Chicago, before returning home at the start of August.

- LEWIS STEELE

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LEICESTER PROMOTED BACK TO THE PREMIER LEAGUE

 LONDON (AP) — Leicester secured automatic promotion back into the English Premier League on Friday after Leeds lost to Queens Park Rangers.

Leicester's return was sealed when second-placed Leeds — four points behind Leicester — was thumped at QPR 4-0.

The Foxes achieved promotion at the first time of asking after being relegated from the Premier League last season following a third-to-last finish.

Leicester leads the second-tier Championship with two games left.

Leeds was only one point above third-placed Ipswich, which has two games in hand.

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