Jeff Bezos Looks At Liverpool | Money Talks
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What is the main topic discussed in this episode?
I founded Ornot in 2013. I think the best thing about Shopify is that we can practice business without technical skills. We can manage the company's background and front-end and sell online. If Shopify was a bicycle equipment, it would be a bicycle itself. That way things are handled and our business is handled in Shopify. Start a free trial at shopify.com.
It is John Gibbons.
I am joined by Dave Powell. And it is money talking. Money always talks. But it's talking loud at the moment, Dave. There is a lot going on. Screaming.
screaming at Ted off he is screaming so thanks a lot for I was going to say coming in straight in obviously you had to do Sky first although I was referred to as Dave Powell from the Anfield Rap so quite right before I even said a word the association had been formed so there we go
Well, quite right, too. But now you very much, Dave Powell, from the Anfield Lab, because you tell us all about this idea of a consortium looking to buy a minority stake in Liverpool. Just before we talk a bit more about this consortium and get to the money shot out there, Jeff Bezos, FSG have been open for a number of years, we know, to the idea of someone coming in and giving them an amount of money for... minority share of I was going to say if you can't feel that then we wish of Liverpool Football Club so in a way this story shouldn't be too much of a surprise although it still felt like it came a little bit out of nowhere yeah the story came out of nowhere um
But they've always been quite open about the fact that they would look at opportunities as they arise. They've been presented with this opportunity to sell what is a fairly significant minority stake in between 20 and 30%. To Amit Bhatia, I mean, the fact that he's divested his interest in Crystal Palace QPR this past week speaks volumes as to the kind of confidence, I suppose, that both sides have in the deal getting done. But I think for FSG, it solves... It does a few things. It strengthens the balance sheet for them. September 23 was when they concluded that very small deal with Dynasty Equity, which took ages. I mean, that ended up manifesting from the initial news that FSG were looking to sell Liverpool outright, and they'd gone to market and looked for a price, and they were kind of seeking buyers.
And then as it... war on it ended up being a minority stake and it's single digits in the end and it was used to kind of pay down some of the bank debt and strengthen the balance sheet this feels slightly different in that the makeup of this consortium so you've got Amit Bhatia then Lakshmi Mattel so Amit Bhatia is married to Lakshmi Mattel's daughter Lakshmi Mattel's is one of the, you know, the wealthiest men in India and is steel magnate, got a huge portfolio of investments as has Bhatia and then Jeff Bezos' name is mentioned and that's the kind of, you know, that's the golden goose, isn't it? But, you know, I imagine any involvement there would be on the smaller side. But this, The fact that this is now a consortium of uber wealthy people makes me think that this is the first stages of a longer term plan for an easier exit because the wealth will already be in the building in some way, shape or form.
They'll already have done their due diligence about the business to get to see what it looks like, see where it works, see where it fails and what they can bring to it and take some, you know, be able to see some, realise some value along the way. But I just think this is the first real indicator that they're looking at, you know, what an exit looks like in the next few years. Of course, everyone leaves. Everyone, nothing lasts forever.
At some point, you've got to enjoy the money. You know, it could be worth... £3 billion, £4 billion, £6 billion, but it's how you sell it. I mean, it doesn't really matter what it's worth.
It could be, you know, they look in the market and think you've had in the past two, three years, you've had United sell a minority stake to Jim Ratcliffe and Ineos. You've had the sale of Chelsea to Todd Bowling and Clearlake.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–7:25
2
What is the Jeff Bezos-Liverpool minority stake story and why is it news now?
7:25–12:24
3
How large a minority stake are FSG reportedly considering selling and to whom?
12:24–19:23
4
What role could Lakshmi Mittal and other Indian investors play in a Liverpool deal?
19:23–25:59
5
How does this proposed consortium compare to previous minority sales like Dynasty or Ratcliffe?
25:59–27:40
Speakers
4 identifiedMore from The Anfield Wrap
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