Bhatia to Become Liverpool Vice-chairman As FSG Sells Stake to Bezos Consortium

Liverpool's owners have agreed to sell around a third of the club to a consortium including billionaire Amazon founder Jeff Bezos, in a deal that values the Reds at more than £5bn. Fenway Sports Group (FSG) confirmed it had entered into a "definitive agreement" for the sale of a "strategic minority investment" to 1892 Holdings. The group is led by British-Indian millionaire businessman Amit Bhatia and also includes billionaire Facebook co-founder Eduardo Saverin.

Bhatia is set to become Liverpool's vice-chairman and will join an expanded board pending regulatory approval. The son-in-law of Indian billionaire Lakshmi Mittal, he had been a director and co-owner of Queens Park Rangers for 18 years before relinquishing his stake last month. Bezos, founder of e-commerce giant Amazon, is the fourth-richest person in the world with an estimated net worth of $256bn (£192bn).

This marks his first foray into sports ownership, although he will not join Liverpool's board. However, Bryan Baum, founder of venture capital firm K5 Sports - through which Bezos is investing - will join the Anfield board alongside Saverin's wife Elaine.