Jeff Bezos might finally get his hands on a sports team
Jeff Bezos is reportedly in talks to acquire a 30% stake in the English soccer club Liverpool. This move follows a growing trend of American billionaires and celebrities investing in U.K. football teams.
Why it matters
It highlights the increasing commercialization of European sports and the trend of American capital dominating global sports franchises.
Jeff Bezos is reportedly attempting to join the club of very rich Americans buying stakes in U.K. soccer teams.
Bezos, alongside others including Facebook co-founder Eduardo Saverin, is looking to buy at least a 30% stake in the English soccer team Liverpool at a £1.35 billion valuation (around $1.8 billion), the Guardian reports . If the deal closes, it will be the first sports investment for the billionaire, although he reportedly previously looked at buying a stake in a US football team.
Liverpool is one of the most notable sports teams in Europe and is worth about $6 billion, reports Forbes. Arguably, this team has the kind of brand recognition in the U.K. as the Dallas Cowboys has in the U.S.
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