economy
Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he's backing $7 billion Liverpool FC
From Tom Brady to Snoop Dogg, American billionaires, CEOs and celebrities are buying into English football—or as they would call it, soccer. In fact, over half of the Premier League’s 20 clubs are currently majority-owned by U.S. investors. And now, Amazon founder Jeff Bezos is the latest to invest in Europe’s biggest sport.
TL;DR
- Jeff Bezos is investing in Liverpool FC, acquiring a 38% stake for around $2.7 billion.
- Over half of the Premier League clubs are majority-owned by U.S. investors.
- Bezos' investment strategy is influenced by Warren Buffett's long-term investing philosophy.
- Buffett's philosophy emphasizes patience and avoiding short-term market fluctuations.
- Bezos believes thinking in terms of seven years, rather than three, provides a competitive advantage.