Peter Moore, the former Liverpool chief executive, has suggested that Fenway Sports Group's 38% stake sale to the 1892 Holdings group could lay the groundwork for Amit Bhatia's consortium to acquire full ownership of the club. Bhatia, whose consortium includes Jeff Bezos and Facebook co-founder Eduardo Saverin, has been announced as part of an incoming group of minority stakeholders.

Bhatia, who departed his position at Queens Park Rangers after close to two decades, has taken on the role of vice chairman, with Amazon founder Bezos — whose personal fortune is estimated at approximately £204 billion — set to be represented on the Liverpool board by K5 Global managing partner Bryan Baum. His wife, Elaine, is set to represent Saverin — whose personal wealth is estimated at £24 billion — on the board.

The consortium acquired approximately 38% of the club in a transaction valued at around £1.65 billion, with media reports indicating the group holds an option to buy Liverpool FC outright within 12 months for £6 billion. Having led the club as chief executive throughout Jurgen Klopp's tenure, Moore has expressed the view that the Bhatia consortium could eventually assume full control of the organisation.

Speaking on The Soccer Business podcast, Moore explained how FSG's newly brought-in minority shareholders — a group with substantial financial backing — could broaden the club's revenue streams. He noted that after 16 years of FSG ownership, having a financial exit strategy in place was not only expected but, from his perspective, a prudent approach to long-term fiscal planning.

Moore pointed to the ages of FSG principals John Henry and Tom Werner, both 76, as a factor in the timing of such considerations. He suggested that individuals in their seventies tend to reflect on legacy and estate planning, while also potentially facing pressure from other partners who hold a financial stake but lack the same public profile.

Moore characterised the transaction as functioning primarily as a liquidity event that establishes a higher benchmark for valuations, while FSG — an American organisation with extensive franchise ownership experience — monitors developments. He noted the organisation has a track record of managing funds in the billions.

Moore further observed that in merger and acquisition scenarios involving a substantial minority stake backed by billions in investment, discussions around majority ownership — whether informal or formalised through contractual terms — are a common feature of the process. He suggested that Bhatia, who is in his forties, could potentially move toward a controlling ownership role at the club.

Moore noted that such documents are typically prepared by established legal practices to structure and formalise corporate transactions. Bhatia's departure from his role at Queens Park Rangers has been cited by Moore as evidence of his active involvement as the leading figure in the venture.

The financial regulations — formerly known as Profit and Sustainability rules and now rebranded as the Squad Cost Ratio — represent a framework applicable to the coming season. Moore stated that the consortium's backers are not personally funding player wages, and that expanding commercial revenue streams is an objective that investors of this financial capacity may help advance, and one the organisation has identified as a continuing priority.

Moore noted that sustaining growth in commercial income is a prerequisite for funding on-pitch expenditure, given that the Squad Cost Ratio framework permits up to 85% of such revenue to be allocated toward playing costs. Bezos's involvement was described by Moore as a potential advantage, with the question being whether Bezos intends to take an active role and, if so, how his financial resources and business acumen could be directed toward increasing revenue streams at Liverpool Football Club. Moore suggested an arrangement with Amazon may follow as a next step.

Moore acknowledged that transferring control from one billionaire-backed entity to another offers limited substantive difference in practice for those anticipating a meaningful shift in ownership structure, though he characterised FSG as stewards who channelled revenue back into the club rather than withdrawing it, and described the working arrangement in positive terms.

Moore advised supporters to review the forthcoming 2026-27 season's rules and regulations to understand how funds may be allocated on-pitch, including transfer fees and player wages. "Increasing commercial revenues is the foundation for greater spending capacity," Moore noted, adding that during his tenure, which ended in the summer of 2020 when Billy Hogan took over, the club had begun to expand its presence across international markets.

Moore identified retail outlets, particularly across Asian markets, as an opportunity to expand brand presence and offer merchandise to consumers. Liverpool recently announced plans to open another batch of new store locations, with the total retail footprint, following all completed changes, standing at 40 stores, including an outlet on Oxford Street in London.

Moore stated that Liverpool retains considerable capacity to expand its commercial income on a worldwide scale, describing the club as possessing both a local identity and a connection to the wider world.