Liverpool FC in talks to sell minority stake to Mittal-backed consortium | Football News

The consortium is led by British-Indian investor Amit Bhatia, son-in-law of Indian steel billionaire Lakshmi Mittal.

Liverpool are in talks with British-Indian investor Amit Bhatia to sell a minority stake in the Premier League football club.

Fenway Sports Group (FSG), the owner of Liverpool in the United States, confirmed Bhatia’s team approach on Tuesday.

“A financial institution led, managed and represented by Amit Bhatia has expressed an interest in making a limited investment in Liverpool Football Club,” an FSG spokesman told AFP.

Bhatia, the son-in-law of Indian steel billionaire Lakshmi Mittal, is leading a group that wants to buy the 20-year-old English professional.

The Financial Times reports that Bhatia has hired consultants to carry out the project, which the newspaper said could cost Liverpool more than $6bn.

Just hours after Bhatia’s interest in Liverpool became apparent, the 46-year-old Londoner stepped down as director and owner of English Championship side Queens Park Rangers (QPR).

Bhatia, who spent 18 seasons with the West Londoners, has transferred his ownership of the club to majority owner Ruben Gnanalingam.

“I leave my job with pride, gratitude and love. I want to thank the players, managers, staff, trusted people, my fellow board members and, above all, the fans, who have made me and my family part of the QPR family for so many years,” said Bhatia.

Bhatia’s talks with FSG – who bought Liverpool for 300 million British pounds ($400m) in 2010 – are believed to be at an early stage, with no action being taken.

Any money from Bhatia could be used to help Liverpool win, following FSG’s move in 2023 to sell a minority stake in the club to global sports marketing company Dynasty.

Reports at the time were worth between $100m and $200m.