Fenway Sports Group sold a minority stake in Liverpool Football Club to a consortium including Jeff Bezos for over $7 billion, highlighting rising sports valuations despite widespread Premier League pre-tax losses.
A consortium led by Amit Bhatia and backed by Jeff Bezos has agreed to buy a minority stake in Premier League club Liverpool FC in a deal valued at about $7.1 billion, with an option for majority ownership.
A consortium including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin has bought a minority stake of over 30 percent in Premier League club Liverpool, in a deal valuing the club at around $6 billion.
FIFA has abandoned its controversial plan to sell minority stakes in World Cup commercial rights to private investors, following strong opposition from major confederations like AFC, UEFA, and Concacaf. President Gianni Infantino stated the project created divisions and would not proceed, aiming instead to unite stakeholders.
UEFA has threatened a boycott of the men's and women's World Cup by its members if FIFA proceeds with a controversial plan to sell stakes in the tournament's commercial rights to private investors, sparking widespread concern among football bodies.
Fenway Sports Group is negotiating to sell a 30% minority stake in Liverpool FC to a consortium led by Amit Bhatia, backed by Lakshmi Mittal, for an estimated £1.35bn, valuing the club at £4.5bn.
A consortium led by Amit Bhatia, backed by the Lakshmi Mittal family, is in talks to acquire a significant minority stake in Liverpool FC. The potential deal could value the Premier League club at over $6 billion, with discussions ongoing with owners Fenway Sports Group.
Fenway Sports Group, owner of Liverpool FC, is in negotiations to sell a 30% minority stake to a consortium led by Amit Bhatia and backed by Lakshmi Mittal, with an offer of £1.35bn valuing the club at £4.5bn.
A consortium led by British-Indian businessman Amit Bhatia has expressed interest in buying a minority stake in Liverpool FC, with owners Fenway Sports Group confirming the approach. The potential deal, not yet finalized, could value the club at over $6bn and follows FSG's previous openness to new investment.
Fenway Sports Group, owner of Liverpool FC, is negotiating to sell a significant minority stake in the club to a consortium led by Amit Bhatia and backed by billionaire Lakshmi Mittal, valuing the club at approximately £4.5bn.
Walmart heir Lukas Walton and his wife, Samantha, have acquired a minority stake in the Chicago Bulls and the United Center. The transaction involves existing stakes from limited partners, with the Waltons reportedly holding 10%. The Reinsdorf family remains the controlling owner of the team and the arena.
SMIC is acquiring a minority stake in SMNC, a 12-inch wafer foundry service provider, with shareholders including the state-backed Big Fund. This move aims to enhance SMIC's asset quality, improve business synergies, and address its production capacity shortages, according to company filings and an industry expert.
Zcash miner Fortitude Mining Holdings will merge with medical tech company HeartSciences in an all-stock deal. Fortitude gains public trading on Nasdaq under the ticker TUDE, while HeartSciences shareholders retain a minority stake. The move allows Fortitude to bypass a traditional IPO.
Uruguay faces a potential early exit from the Geopolitics World Cup after drawing with Cape Verde, following a narrow escape against Saudi Arabia. Coach Marcelo Bielsa expressed frustration over a lack of finishing touch, while midfielder Agustín Canobbio lamented missed opportunities.
Chinese electric vehicle giant BYD is exploring a potential entry into Formula 1, considering options from a minority stake in an existing team to launching a new one. The company has reportedly approached former Red Bull Racing principal Christian Horner.
Lufthansa, one of Europe's top airlines, announced Tuesday its intention to expand its current minority stake in Italy's ITA Airways to 90%.
Stonewood take minority stake in Champ clubPirates officials call it a ‘landmark’ dealCornish Pirates have stolen a march on some bigger sides in the Prem by becoming the first English rugby union club to complete a significant deal with wealthy American-based backers. The Champ club have joined forces with the Pittsburgh-based private equity firm Stonewood Capital with the aim of revitalising the prospects of the Penzance side.The long-term arrangement would give Stonewood a substantial minority stake in the club for what is understood to be an initial seven-figure sum. Pirates officials are calling it a “landmark” deal and a “major milestone in the club’s evolution”. Continue reading...
The NWSL's Columbus expansion franchise sold for $205 million to Haslam Sports Group, a $50 million jump from Atlanta's $165 million in November and a massive increase from just $2 million in 2022. The surge reflects wealthy investors priced out of NFL and NBA teams turning to smaller leagues, with the average NFL team now valued at $7.65 billion and NBA teams at $5.52 billion. Bankers say the 'anti-AI trade' and trickle-down investment thesis are driving valuations across all sports tiers.
England and Real Madrid midfielder Jude Bellingham has acquired a 1.2% minority stake in Birmingham Phoenix, The Hundred cricket franchise based at Edgbaston. The deal, worth over £800,000, sees the 22-year-old take 0.6% from Warwickshire County Cricket Club and 0.6% from American investment partners Knighthead Capital. Bellingham, who grew up in Stourbridge and started his career at Birmingham City, said he wanted to give back to the city that supported his rise in football.
Adult video platform to sell minority stake to increase stability after death of its owner Leonid RadvinskyBusiness live – latest updatesOnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital, according to the Financial Times. Sources familiar with the process confirmed the talks to the Guardian. Continue reading...
