The Owners - FSG (Part 2)

They are relevant and I want them to. If the owners know that there are people who will call shit out, it serves as a balance. However, I don’t think that balance is achieved. If we want the owners to do good for the club and look after the clubs interests, do SOS also use their influence to ensure that the owners/commercial interests are also looked after? Yes I am not a local fan but I am bemused that while the club would tackle copyright infringements in places like China, but it’s not ok to go after local vendors who do that and maybe actually ironically be selling fakes made from China?

ADD: the issue of trademarking Liverpool is a ridiculous move by the club but this is a different issue from fake goods that include the clubs name, logo and all assets owned by the club.

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https://x.com/AnfieldSector/status/2087911838323200318

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While negotiations with FSG on the deal have been taking place for about three months, it is understood Bhatia, who studied economics at Cornell University, New York, and lives in London with his wife, Vanisha, and their three children, has spent time in their circle for more than a year.

He has been identified as someone with whom FSG wants to be in a strategic minority partnership…joyce

At first glance Bhatia, whose company, AyBe Capital Advisers, owns a stake in the London Spirit cricket franchise in the Hundred, brings networks and expertise in India and Asia.

Brazilian entrepreneur Saverin has similar links in South America and the connections Bezos possesses come with Liverpool convinced they are already the biggest Premier League club in the United States. GWI, the audience research company, points to Liverpool having 26 million supporters in the US and calculates that they have the fastest-growing fan base of any Premier League club in the country.

Given the Premier League and Uefa’s financial regulations on how spending is linked to turnover, the depth of the consortium’s financial might is not as important as its ability to open up new commercial opportunities in the dotcom era. That is where the growth lies and an increase in annual revenue, which stands at £703million, will allow more to be spent on the most important thing in all this: the team. Apple, for example, has collaborated with Real Madrid, with the club’s president, Florentino Pérez, describing Real’s “Infinite Bernabéu” virtual reality project as akin to “opening the stadium doors to the entire planet”.

It is not difficult to envisage Amazon exploring similar opportunities in time.

Bhatia, 46, will be visible at Anfield should the deal go through, as seems likely. This time he will be in the boardroom, rather than behind the goal, but the start of the journey he has undertaken to this point should continue to shape his thinking…Joyce

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Apparently its gone through
https://x.com/i/status/2088294580349251950

https://x.com/i/status/2088294580349251950

Welcome 1892 Holdings!

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Where’s my Amazon parcel Jeff…

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Amit Bhatia to be Liverpool vice-chairman as part of £1.65bn deal

Group including Jeff Bezos buying a third of Premier League club and will take three seats on board — while agreement allows flexibility for talks over bigger stake

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Collage of three men and the Liverpool F.C. logo on a paper background taped to a white surface.

Bhatia, Saverin and Bezos are part of the consortium that is buying a third of Liverpool

Paul Joyce

Paul Joyce, Northern Football Correspondent

Friday August 14 2026, 5.00pm BST, The Times

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Fenway Sports Group has agreed a deal to sell a third of Liverpool to a consortium headed by British-Indian businessman Amit Bhatia, which values the club at about £5.5billion.

Bhatia is to become Liverpool’s new vice-chairman and take a place on the board in return for a minority stake in the 20-times English football champions.

He is to be joined on an expanded board by Elaine Saverin, the wife of Facebook co-founder Eduardo Saverin, and Bryan Baum, who is representing Amazon founder Jeff Bezos rather than Bezos becoming a board member himself.

The transaction for about 30 per cent of Liverpool is worth in the region of £1.65billion.

Amit Bhatia, Chairman of QPR, gives a thumbs up.

Bhatia will become Liverpool vice-chairman as part of the deal

Ian Tuttle/SHUTTERSTOCK

There is no commitment beyond that from FSG to sell a greater shareholding to Bhatia’s 1892 Holdings company, named after the year in which Liverpool was founded, in the future.

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However, the transaction documents provide options and flexibility for how a relationship may evolve over time, which effectively means that Bhatia would be in the driving seat to purchase a larger shareholding should FSG wish to sell more of the club in the future.

For now, FSG will retain majority ownership and there is to be no change in the day-to-day operation of Liverpool. The transaction is not a direct capital raise for the club, or an indication of a change in transfer strategy.

The deal remains subject to approval from the new Independent Football Regulator and those involved must pass the Premier League owners’ and directors’ test. That could take up to 90 days.

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Liverpool announced record revenues of £703million in the last accounting period, spending about £550million on new signings for the team over the past 14-months. The club had not been seeking investment out of financial necessity.

Rather, FSG believe the opportunity stood out due to the calibre of people involved and the experience, relationships and global links they can bring to help grow the club.

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There is an expectation that the consortium will open up networks in India and across Asia and support Liverpool’s long-term growth ambitions by bringing together experts from across global business, technology and investment.

Increasing the club’s turnover would then enable more to be spent on the team given the Premier League’s squad cost ratio regulations. These limit the spending of top-flight clubs to 85 per cent of their football-related revenue and net profit/loss from player sales. In addition, those who play in European competition, as Liverpool invariably do, must fall in line with Uefa’s 70 per cent cap.

Jeff Bezos attending the VivaTech technology startup and innovation fair in Paris.

Bezos is not joining the Liverpool board but will be represented by Baum

Mustafa Yalcin/Anadolu via Getty Images

“We are incredibly proud to be investing in Liverpool Football Club and to be doing so alongside FSG,” Bhatia, who transferred his ownership in Championship side Queens Park Rangers last month having first joined the club in 2007, said.

“We have the utmost respect and admiration for FSG as owners and for everything they have achieved at Anfield.

“To be welcomed as a partner in a club of this stature is a huge privilege. We are making this investment because we believe deeply in Liverpool and its leadership, and we look forward to supporting the club’s continued success for years to come.”

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Bhatia, the son-in-law of Indian steel magnate Lakshmi Mittal, has been speaking to high-ranking FSG figures for more than a year, with his interest having been facilitated by Corestone Capital Advisors, who introduced the relevant parties.

He is viewed by FSG as the primary partner and has subsequently put together the group of high-profile investors.

Vice chairman Amit Bhatia attending the Queens Park Rangers Kit Launch.

Bhatia was formerly chairman of Queens Park Rangers

Dan Kitwood/Getty Images

1982 Holdings comprises the Bhatia and the Mittal Family Trusts, K5 Sports, with Bezos as the lead investor in the K5 Sports fund, and EE Capital, the family office of Elaine and Eduardo Saverin.

Bezos was described as a passive investor by one source.

FSG president Mike Gordon, who has taken on more of a day-to-day role in Liverpool following the resignation of chief executive of football Michael Edwards, said: “Liverpool has always been built by thinking beyond one season and making decisions with the club’s long-term interests in mind.

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“That approach continues to attract interest from respected investors and business leaders around the world. As we considered this opportunity, it became clear that Amit and the consortium shared our long-term philosophy and appreciation for what makes Liverpool special.

“Their experience and perspective will complement the strong foundation already in place, and we look forward to working together.”

FSG bought the club in 2010 for £300million and the existing Liverpool board is represented by principal owner John W Henry, chairman Tom Werner, Gordon, Mike Egan, Jonathan Bamber, Jenny Beacham and Sir Kenny Dalglish, who is a non-executive director.

Widening our investment profile like this can only attract more commercial interest and put us on a sounder footing, but I don;t understand all the fuss being made about Bezos’s invovement. The guy is probably barely aware of this move. He has a vast team of asset managers and investment honchos employed specifically to move his mind-boggling treasure trove into whatever makes sense. As this is part of a three partner deal involving just £1.3bn it represents the kind of chump change he can probably find under the floormat of his Bugatti. I can;t imagine Jeff poring over balance sheets and agonising over us or some NFL team. He’s probably more concerned about Lauren’s shopping bill. And that’s a good thing btw.

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This actually values the club on par with the manures I believe.

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cnbc reporting more details and slightly different. if we go with their report, bezos maybe a “passive” investor but he put in the most money. so not sure how passive he will be

very interesting how the Uk sports media is framing the deal in comparison to how the american business media is framing it

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https://x.com/JacobsBen/status/2088301568516890877

It makes us way more valuable than Manu. The media in their typically crude way have simply taken 1.3bn or 1.6bn (whatever it is) and multiplied it by three to get a final valuation of the club. It’s a lazy and utterly specious way to value a company and completely ignore the fact that the new investors aren’t buying any day to day control in the club and are as such passive investors. If it ever came to a group wishing to buy a controlling interest then FSG would, of course, demand a colossal premium for those kind of shares - muliples of what is being quoted here.
If the Los Angeles Lakers are worth $12.5bn with their limited exposure and fan base, imagine what a global behemoth like Liverpool is worth in a sport that is becoming invreasingly massive in the US.

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the good news, looks like its a cash purchase and not debt-financed acquisition or a leveraged buyout (LBO) like man united and the glazers. bad news is we will finally be owned by a private equity firm (k5) at some point in the near future

https://x.com/sherman4949/status/2088295586806005942

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https://x.com/sherman4949/status/2088296327146819885

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