Sports Business Ownership Digest

Recent developments in sports business ownership highlight significant investments and sales across major leagues. Liverpool Football Club has seen a substantial investment of $1.9 billion from a consortium led by Amit Bhatia, with Fenway Sports Group retaining majority control. This deal includes a minority stake acquired by a consortium backed by Jeff Bezos and other billionaires, valuing the club at over £5 billion. Meanwhile, the NBA's Los Angeles Lakers are reportedly involved in a sudden $12.5 billion sale, raising questions about the rapid change in ownership after only 10 months. In other news, the Minnesota Timberwolves are set to retire Kevin Garnett's jersey under new ownership, marking a significant moment for the franchise.