Wealth Club: Billionaires' big risks buying soccer clubs

Jeff Bezos is not buying Liverpool FC directly, but through a consortium deal that will give him a stake. According to the report, 1892 Holdings has agreed to buy a minority share from Fenway Sports Group (FSG), which has owned LFC since taking full control nearly 16 years ago. Early estimates of the stake ranged around 30%, later reports suggesting closer to about 38%. 1892 Holdings is backed by Amit Bhatia, Eduardo Saverin, and Bezos’ Amazon.com founder role. FSG says it retains operational control and that day-to-day management won’t change, though Bhatia is set to become vice-chair and the consortium will hold board seats.