Bezos and Saverin join a consortium buying a minority stake in Liverpool
Summary
A group of investors that includes Jeff Bezos, the founder of Amazon, and Eduardo Saverin, co-founder of Facebook, is buying a minority share in the English soccer club Liverpool. The deal values the club at about $6 billion and is led by Amit Bhatia, who has a history in football ownership.Key Facts
- Jeff Bezos and Eduardo Saverin are part of a consortium buying a minority stake in Liverpool Football Club.
- The lead investor, Amit Bhatia, was previously co-owner of Queens Park Rangers, a lower-tier English soccer team.
- The club’s current owner, Fenway Sports Group, agreed to sell more than 30% of Liverpool to the group.
- The deal values Liverpool at approximately $6 billion.
- Liverpool has won 20 English league championships, tying with Manchester United.
- The club was European champion six times, a record for an English team.
- Premier League rules limit how much clubs can spend on players based on their income and profits to keep competition fair.
- The new investors are expected to help Liverpool grow globally and increase commercial revenue, not simply spend more on players.
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