Liverpool FC owners Fenway Sports Group (FSG) have confirmed the sale of a minority stake in the club to 1892 Holdings, a consortium led by Amit Bhatia and including Amazon founder Jeff Bezos.
A statement on liverpoolfc.com affirmed that FSG will continue to retain majority ownership and operational control of the club, with no details disclosed about the size or value of the stake. According to sources with knowledge of the investment, it's expected to be approximately 30%.
FSG's decision to partner with 1892 Holdings is driven by the potential benefits to their global operations, with Bhatia's involvement expected to 'open doors in Asia'. Bezos and Facebook co-founder Eduardo Saverin are set to 'assist in growing the club's already strong brand'.
Amit Bhatia will assume the role of vice-chairman and be joined on the club's board by Elaine Saverin and Bryan Baum of K5 Sports. However, sources indicate that Bezos won't have a seat on the board.
The proposed transaction has sparked concerns among Liverpool fans, with some questioning the involvement of Bezos, a vocal supporter of Donald Trump's U.S. presidency. Others worry about the potential impact on match-going fans, who may be priced out by capitalism-driven cost increases.
FSG have been open to outside investment in Liverpool FC in recent years, and selling now would yield John Henry and co a significant profit on the £300m for which they purchased the club in 2010.
The current owners have taken fans' opinions on board by reversing some unpopular decisions, but the sale of a minority stake raises questions about the club's future direction. Liverpool fans will be watching closely to see how this partnership unfolds.
Liverpool FC's board will meet to discuss the proposed transaction, with a final decision expected in the coming weeks. The outcome will have significant implications for the club's future, both on and off the pitch.
Source: Yahoo Sports