Liverpool: FSG in talks to sell minority stake to Amit Bhatia consortium

Liverpool: FSG in talks to sell minority stake to Amit Bhatia consortium

A consortium led by British-Indian businessman Amit Bhatia has expressed interest in acquiring a minority stake in Liverpool Football Club. The current owners, Fenway Sports Group (FSG), confirmed that discussions are underway regarding a potential strategic minority investment.

Mr. Bhatia, who was previously a director and co-owner at QPR for 18 seasons, transferred his share of that club on Tuesday afternoon. His consortium has engaged advisors to work on the potential deal with FSG. The investment group is also backed by the Mittal family.

Potential Investment Structure

The proposed investment from Mr. Bhatia’s consortium is understood to be structured similarly to a deal FSG made in 2023. In that instance, FSG sold a minority stake in Liverpool to the global sports investment firm Dynasty. That 2023 agreement was valued between £82m and £164m, with the funds used to help offset bank debt from infrastructure projects.

These projects included the redevelopments of the Main Stand, the Anfield Road end, and the club’s Kirkby training ground. At the time of the Dynasty deal, FSG president Mike Gordon stated that the group’s long-term commitment to Liverpool remained strong, aiming to strengthen the club’s financial position and sustain ambitions for continued success.

According to the Financial Times, a deal with the consortium led by Mr. Bhatia could value Liverpool at more than $6bn (£4.5bn).

Who is Amit Bhatia?

Amit Bhatia is a former investment banker who worked for Morgan Stanley on Wall Street before transitioning into entrepreneurship. He operates businesses in construction, real estate, and private equity. The construction company he founded is now described as the largest independent building materials business in the UK, employing over 5,000 people.

His real estate firm is involved in building homes, student housing, and offices across the country. Mr. Bhatia, a Londoner, was awarded the young entrepreneur of the year award in 2013 and serves on the advisory board of the Saudi Arabian government’s cultural affairs and international relations unit. A stand at Loftus Road, QPR‘s home ground, bears his surname.

Mr. Bhatia married Vanisha Mittal Bhatia in 2004. Vanisha is the daughter of Indian steel magnate Lakshmi Mittal, whose net worth has been estimated at more than £22bn. The Mittal family also acquired a majority stake in the IPL franchise Rajasthan Royals in May 2026.

Amit Bhatia was QPR's co-owner until July 21, when he transferred his share of the club to Ruben Gnanalingam.
Image:Amit Bhatia was QPR's co-owner until July 21, when he transferred his share of the club to Ruben Gnanalingam. Credit: skysports.com

FSG’s Ownership Strategy

FSG initially indicated in 2022 that it was open to new investment in Liverpool, either through minority shareholders or a potential full sale. While a full sale did not materialise, the group has frequently received expressions of interest from third parties seeking to become shareholders. FSG has previously stated that new shareholders would be considered under the right terms and conditions if it was in the best interests of the club.

Since the 2023 deal with Dynasty, FSG explored the possibility of acquiring a second club in continental Europe to expand its portfolio. This multi-club model would have mirrored approaches taken by other club owners. However, after examining potential purchases including Spanish sides Malaga and Getafe, and French club Bordeaux, FSG did not proceed with any of these deals and is now understood to have moved away from this model.

This decision reportedly led to the departure of Michael Edwards last month, who had been rehired by FSG to lead the multi-club project. Current sporting director Richard Hughes is managing the club’s transfer strategy this summer and has a contract lasting until summer 2027.

Liverpool principal owner John W Henry has maintained a lower public profile regarding club matters since acknowledging and apologising for his role in the European Super League project in 2021. FSG purchased Liverpool in 2010 for £300m when the club was reportedly on the verge of administration.

An FSG spokesperson confirmed the talks to a news outlet on Tuesday 21 July 2026.

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Source: bbc.com

Jack Ferndale

Jack Ferndale

Senior Football Correspondent

As NewsGB's Senior Football Correspondent, Jack Ferndale reports on the Premier League, the EFL and the England national side for readers across the country. He covered north-east football for a regional daily. He holds a degree in Sports Journalism from the University of Sunderland and completed an NCTJ diploma. Jack lives in Sunderland, where he watches lower-league football home and away. “The story is in the squad, not just the starting eleven.”