17/08/2026
Global News: Top law firms including A&O Shearman, Latham & Watkins, Clifford Chance, Orrick, and Cleary are advising on 1892 Holdings' acquisition of approximately a one-third minority stake in Liverpool FC from Fenway Sports Group (FSG). The deal values Liverpool FC at over $7 billion, representing a significant increase from FSG’s £300 million purchase price in 2010.
1892 Holdings is managed by investor Amit Bhatia and funded by Bhatia, the Mittal Family Trusts, K5 Sports—a K5 Global fund backed by Amazon founder Jeff Bezos—and EE Capital, the family office of Elaine and Facebook co-founder Eduardo Saverin.
Legal representation is split across several firms to handle the buyers, sellers, and backing investors:
A&O Shearman is representing FSG and Liverpool FC, extending a client relationship established when legacy firm Shearman & Sterling advised FSG's 2010 acquisition. Latham & Watkins is advising 1892, led by partners Ed Barnett, Hector Sants, Nick Luongo, Matt Eisler, and Patrick Mitchell across London and the US. Orrick, led by New York partner Max Cantor, and Cleary are advising K5 Sports and its primary investor, with UK sports boutique firm Northridge, led by partner Ian Lynam, assisting Orrick on local regulatory matters. Clifford Chance is representing EE Capital through private equity partners Eric Schaffer and Neil Barlow, alongside London M&A partner Katherine Moir.
This transaction highlights the growing wave of private capital investments in elite sports, which has generated significant mandates for major law firms. Recent examples include A&O Shearman advising Apollo on its €2.5 billion acquisition of a majority stake in Atlético Madrid, Clifford Chance acting for Velocity Sports Partners in acquiring Espanyol, and Latham advising Apollo on its investment in Wrexham AFC.