Now Reading: Bezos, Mittal son-in-law near deal for Liverpool stake
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Bezos, Mittal son-in-law near deal for Liverpool stake
A consortium led by Amit Bhatia, son-in-law of steel billionaire Lakshmi Mittal, including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin, is finalising a deal to buy roughly a one-third stake…
The Story in Brief
A consortium led by Amit Bhatia, son-in-law of steel billionaire Lakshmi Mittal, including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin, is finalising a deal to buy roughly a one-third stake in Liverpool FC, Sky Sports reported on Monday. The club's owner Fenway Sports Group (FSG) may announce the transaction this week, though it could slip to next week. The investment values Liverpool at Rs 36,500 crore (4.4 billion pounds), making it one of sport's richest deals. Bezos has a fortune of Rs 17.2 lakh crore, while Saverin is worth over Rs 1.9 lakh crore. FSG, which bought the club for Rs 2,500 crore in 2010, declined to comment. The consortium spokesperson also declined to comment.
The Indian Opinion
The breathless coverage of this deal paints football ownership as a global trophy hunt. Yet the real story is the valuation: Rs 47,000 crore for a minority stake. That price hinges on Liverpool's on-field success and broadcast revenues, not the glamour of the owners. If the club fails to qualify for the Champions League in the next two seasons, will this consortium still see football as an 'asset class'? Watch the next transfer window for clarity.
Sources (2): sports.ndtv.com, sports.ndtv.com (2)
This story was synthesised by AI from the 2 sources linked above.
