The consortium that includes U.S. billionaire Jeff Bezos has acquired a minority shareholding in Liverpool Football Club. This arrangement includes an option to purchase a controlling stake, as per the agreement with Fenway Sports Group (FSG), the current owners.

On Friday, FSG confirmed that they’ve sold an equity stake of about 30 percent to one-third in the Premier League club. This marks Bezos’ initial venture into owning a sports franchise.

The Amazon founder’s investment comes through 1892 Holdings, a consortium led by Amit Bhatia and managed via the K5 Sports fund. Sources involved in the transaction have mentioned a clause allowing the consortium to buy a controlling interest within the next 12 months. However, this is not a binding commitment and remains merely an option, according to insiders.

Joining Bhatia in 1892 Holdings are the family office of Facebook co-founder Eduardo Saverin and his wife, Elaine, as well as the Mittal Family Trusts. Although Bhatia, a former co-owner of Queens Park Rangers, will serve as vice chairman at Liverpool, Bezos will not hold a board position. Elaine Saverin and Bryan Baum from K5 Sports will join him on Liverpool’s board.

Despite this investment, FSG retains majority ownership and operational control of Liverpool. Sources reveal there will be no changes in the leadership or daily operations of the club. FSG stated that this strategic investment aims to support Liverpool FC’s long-term ambitions by combining global experts in business, technology, and investment.

Bhatia expressed pride in investing in the club alongside FSG. He praised FSG’s achievements and voiced anticipation for supporting Liverpool’s future success.