Liverpool‘s owners have agreed to sell around a third of the club to a consortium including billionaire Amazon founder Jeff Bezos. 

In a statement, 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 businessman Lakshmi Mittal, he had been a director and co-owner of Queens Park Rangers for 18 years before relinquishing his stake in the club last month. 

American businessman 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. The deal is said to value the club between £5bn and £6bn.