Now Reading: Jeff Bezos nears $6 billion Liverpool FC minority stake deal
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Jeff Bezos nears $6 billion Liverpool FC minority stake deal
Amazon founder Jeff Bezos is close to acquiring a minority stake of more than 30% in Liverpool FC as part of a billionaire consortium, the Economic Times reports. The deal, which could…
The Story in Brief
Amazon founder Jeff Bezos is close to acquiring a minority stake of more than 30% in Liverpool FC as part of a billionaire consortium, the Economic Times reports. The deal, which could be announced this week, values the Premier League club at around $6 billion.
The consortium is led by Amit Bhatia and includes Facebook co-founder Eduardo Saverin. Fenway Sports Group, which bought Liverpool for £300 million in 2010, will remain the controlling shareholder. Bezos, worth over $280 billion, has not previously held a major football stake.
The Indian Opinion
The excitement over Jeff Bezos joining the Liverpool ownership should not obscure the fact that Fenway Sports Group remains firmly in control. Talk of a 'billionaire-backed consortium' risks inflating what is, for now, a minority purchase. A more telling test will be whether the consortium seeks to increase its stake beyond 30%, and at what price, that will reveal if this is a passive investment or the start of a takeover.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
