• Confirmed deal values club as a whole at £5.5bn

• Amit Bhatia will become club’s new vice-chairman

Liverpool’s owner, Fenway Sports Group, has confirmed it has agreed the sale of 30% of the club to a consortium including Amit Bhatia, the Amazon founder Jeff Bezos and the Facebook co-founder Eduardo Saverin. The deal is understood to be worth £1.65bn, valuing Liverpool at £5.5bn, and will see Bhatia become the club’s new vice-chair on an expanded board.

Bhatia, the son-in-law of Indian steel magnate Lakshmi Mittal, initiated and led talks with FSG on behalf of the 1892 Holdings consortium, a reference to Liverpool’s founding year. The former co-owner of Queens Park Rangers has received financial backing from the Mittal Family Trust, the K5 Sports fund, of which Bezos is the lead investor, and EE Capital, the family office of Elaine and Eduardo Saverin.