On Friday, Liverpool FC, one of the English Premier League’s “Big Six,” announced that Fenway Sports Group had sold a minority stake in the club to 1892 Holdings. The group includes K5 Sports, a fund led by Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos.
Billionaire Consortium Backs Premier League Champions
1892 Holdings, led by Amit Bhatia, the son-in-law of steel magnate Lakshmi Mittal, bought roughly one-third of Liverpool. The deal valued the club at just over $7 billion, Business Insider reported Friday, citing a source familiar with the transaction.
The deal marks Bezos’ first investment in a sports property, with the consortium set to acquire roughly one-third of the Premier League club, the report stated.
EE Capital, the family office of Eduardo and Elaine Saverin, also participated in the deal. Eduardo is the co-founder of Facebook.
Liverpool’s New Investors Back Long-Term Growth
Fenway Sports Group President Mike Gordon, in a statement on Friday, said, “Liverpool has always been built by thinking beyond one season and making decisions with the club’s long-term interests in mind.”
“That approach continues to attract interest from respected investors and business leaders around the world,” he continued, adding that the investors share the club’s “long-term philosophy.”
The sale is still pending regulatory approval, according to the club’s statement.
Liverpool, the reigning Premier League champions after their 2024-25 title win, remains one of the “Big Six” clubs in English football.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Recent Comments