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According to Simon Hughes from The Athletic, Fenway Sports Group has sold 38% of Liverpool to 1892 Holdings led by Amit Bhatia and Jeff Bezos. The agreement gives buyers the right to purchase a controlling stake in the club within 12 months.
Insider Simon Hughes from The Athletic shares details on major ownership changes at Liverpool.
According to Hughes:
Fenway Sports Group has sold nearly 40% of Liverpool to a consortium led by American billionaire Jeff Bezos. Initially, insiders reported a share of around 30-33%, but the final figure came closer to 40%. The consortium, 1892 Holdings, headed by Amit Bhatia, has acquired approximately 38% of the shares. The deal also includes an option for full control within the next 12 months.
Key details of the deal
- Share size: The final package amounts to 38% of the shares, significantly surpassing initial estimates.
- Investors: The buyers comprise Amit Bhatia's group 1892 Holdings in partnership with Amazon founder Jeff Bezos.
- New leadership: Bhatia is set to take on the role of vice-chairman of Liverpool's board.
- Ownership prospects: The agreement allows the consortium to fully acquire the club from FSG within 12 months.