Jeff Bezos has entered his sports ownership era.
On Friday, Liverpool Football Club, 1 of the English Premier League's alleged "Big Six" clubs, announced that Fenway Sports Group sold a number equity liking successful the franchise to 1892 Holdings, which includes K5 Sports, a money wherever the Amazon laminitis is the lead investor.
This is the first clip Bezos has been publically identified arsenic owning a liking successful a awesome sports team, placing him successful uncommon institution among his chap billionaires and business titans.
The 1892 group is managed by Amit Bhatia, the son-in-law of alloy magnate Lakshmi Mittal. Bloomberg estimates Mittal's nett worthy to beryllium $42.6 billion. Bhatia was antecedently associated pinch Queens Park Rangers, wherever he served arsenic head and co-owner of the chap English shot club.
EE Capital, the family agency of Elaine and Eduardo Saverin, who co-founded Facebook, was besides progressive successful the purchase, according to Fenway Sports Group's property release.
According to The New York Times, the number liking values Liverpool astatine $7 billion. 1892 Holdings purchased 30% of the club, according to The Guardian.
"Liverpool has ever been built by reasoning beyond 1 play and making decisions pinch the club's semipermanent interests successful mind. That attack continues to pull liking from respected investors and business leaders astir the world. As we considered this opportunity, it became clear that Amit and the consortium shared our semipermanent accuracy and appreciation for what makes Liverpool special," Fenway Sports Group President Mike Gordon said successful a statement.
The last waste is pending regulatory approvals, the nine said successful the statement.
John Henry, the proprietor of MLB's Boston Red Sox, is Fenway Sports Group's main owner. Henry bought the nine erstwhile it was successful dire straits and has since seen Liverpool flourish. "The Reds" won the Premier League successful the 2024-25 season.
Bezos had flirted pinch different sports teams before. In 2023, ESPN reported that the proprietor of The Washington Post would not make a bid for the NFL's Commanders, contempt hiring a patient to research specified a move. An finance group led by billionaire Josh Harris yet bought the team.
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Brent D. Griffiths
Brent Griffiths is simply a elder newsman astatine Business Insider who covers AI and tech.Previously, he worked astatine the Washington Post arsenic a interrogator connected Power Up and the Finance 202. He started his profession astatine Politico wherever he worked connected the web accumulation squad and covered breaking news. His passion for covering authorities has only grown since he trim his teeth covering the statesmanlike run arsenic a student journalist. He's besides contributed to the Almanac of American Politics.
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