The numbers keep growing. What was initially reported as a stake of around a third in Liverpool has now been confirmed at 38%, with the investment figure closer to £2 billion — not the £1.4 billion floated when the deal broke on Friday.
The buyer is 1892 Holdings, a consortium led by former QPR director Amit Bhatia, backed by the Mittal Family Trusts, the K5 Sports fund — where Jeff Bezos is the principal investor — and EE Capital, the family office of Facebook co-founder Eduardo Saverin and his wife Elaine. Fenway Sports Group remain in control for now, but the deal includes an option for 1892 Holdings to acquire a majority stake within the next 12 months. That option carries no binding obligation, but it's there.
What FSG are actually selling
At a club valuation of between $5 billion and $6 billion, this is one of the largest transactions in football history. For context, FSG bought Liverpool in 2010 for roughly £300 million. The arithmetic on that alone tells you everything about where football's financial ceiling has gone.
Once regulatory approval comes through, Bhatia becomes vice-chairman and joins a newly enlarged board alongside Elaine Saverin and Bryan Baum of K5 Sports. That's a significant restructuring of Liverpool's leadership — this isn't a passive cheque-writing arrangement.
Bhatia said the consortium is investing "because we believe deeply in Liverpool and its leadership." Standard deal language, but the 38% figure and the majority-stake option suggest this is a relationship built with a longer runway in mind.
What it means on the pitch — and in the market
Liverpool are already competing at the top of the Premier League under Arne Slot. Fresh capital of this scale doesn't just fund transfers — it reshapes a club's ability to hold onto its best players, develop infrastructure, and compete with the state-backed operations that have changed the financial reality of European football.
Their title odds were already shortening before this. A balance sheet backed by Bezos-level money makes the long-term picture even harder to bet against.
The majority-stake option, exercisable within 12 months, is the detail worth watching. FSG may not be sellers yet — but the door is open.
