A consortium of investors led by EFL Championship club Queens Park Rangers co-owner Amit Bhatia and backed by the Mittal family is “in talks to buy a significant minority stake” in Premier League club Liverpool FC, in a deal that would value the club “at more than” $6B. Sources noted that the investor group headed by Bhatia, the son-in-law of steel tycoon and billionaire Lakshmi Mittal, has “hired advisers to work on the offer” and is “in active talks” with Fenway Sports Group. FSG confirmed the consortium’s interest in a statement. Sources mentioned that “no deal had yet been struck,” and there “was no certainty an agreement would be reached.” It would be the “latest big-money deal” in English football, following the $3.34B takeover of Premier League club Chelsea FC in 2022 and Sir Jim Ratcliffe’s minority stake purchase in Premier League club Manchester United, which valued Liverpool’s arch-rivals at more than $6.3B, including debt, in 2023. FSG bought Liverpool for $401.2M in 2010. Ahead of the potential deal, Bhatia “agreed to transfer his shareholding in Queens Park Rangers” to the club’s majority owner Ruben Gnanalingam to avoid holding stakes in two clubs (FINANCIAL TIMES, 7/21).
The proposed deal is for a “similar-sized stake” to the one FSG sold to Dynasty Equity in 2025, when the American investment firm “paid a figure in the region of” $200M for about 3% of the club. That deal valued the 20-time English champions at approximately $6B. In 2022, FSG announced it was open to offers for Liverpool but eventually agreed to sell only a small stake to Dynasty. As well as its most famous assets, Liverpool and the Red Sox, FSG owns a stake in the commercial arm of golf’s PGA Tour and NASCAR’s RFK Racing. Last year, it sold the Penguins for $1.7B (THE ATHLETIC, 7/21).
In 2024, Fenway began exploring their options to begin a multi-club ownership model but have “more recently shelved those plans,” which led to the exit of Fenway Sports Group CEO of Football Michael Edwards (Liverpool ECHO, 7/21).
