consortium

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

A ‌‌consortium which includes Amazon founder Jeff Bezos has reached a ⁠⁠definitive agreement ⁠⁠to buy a minority stake in Liverpool FC, the Premier League club’s owners, Fenway Sports Group has announced.

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 on Friday.

“Their experience and perspective will complement the strong foundation already in place and we ⁠⁠look forward to working together.”

A source ⁠⁠familiar with the matter told the Reuters news agency that the stake is about one-third. FSG, the US multinational sports company which bought Liverpool in 2010, will maintain the majority ⁠⁠share and operational control of the club.

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 Reuters.

“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 with new manager Andoni Iraola.

The consortium is led by British-Indian investor Amit Bhatia, the son-in-law of Indian steel billionaire Lakshmi Mittal.

Liverpool are in talks with British-Indian investor Amit Bhatia over a potential deal for a minority stake in the Premier League football club.

Fenway Sports Group (FSG), Liverpool’s United States-based owner, confirmed the approach from Bhatia’s group on Tuesday.

“An investment consortium led, managed, and represented by Amit Bhatia has expressed interest in making a strategic minority investment in Liverpool Football Club,” an FSG spokesperson told the AFP news agency.

Bhatia, the son-in-law of Indian steel billionaire Lakshmi Mittal, is heading a consortium interested in buying into the 20-time English champions.

The Financial Times reported that Bhatia has hired advisers to work on the offer, which the newspaper said could value Liverpool at more than $6bn.

Just hours after Bhatia’s interest in Liverpool emerged, the London-born 46-year-old stepped down from his role as a director and co-owner of English Championship side Queens Park Rangers (QPR).

Bhatia, who spent 18 seasons with the west Londoners, will transfer his ownership of the club to majority owner Ruben Gnanalingam.

“I step back from my formal responsibilities with pride, gratitude and affection. I want to thank the players, managers, staff, the community trust, my fellow board members and, above all, the fans, who have made me and my family feel part of the QPR family for so many years,” Bhatia said.

Bhatia’s discussions with FSG – who bought Liverpool for 300 million British pounds ($400m) in 2010 – are believed to be at an early stage, with no deal struck yet.

Any investment from Bhatia would be made to further position Liverpool for success, following FSG’s move in 2023 to sell a minority stake in the club to global sports investment firm Dynasty.

Reports at the time valued that transaction between $100m and $200m.