It's all change at Liverpool this summer, both on the pitch and off it.
While new head coach Andoni Iraola has been charged with breathing new life into a squad that stumbled to a fifth-place finish in the Premier League last season, owners Fenway Sports Group (FSG) have been busy in the boardroom, selling a significant minority stake in the club to a consortium that includes Amazon founder Jeff Bezos.
Fronted by former Queens Park Rangers co-owner Amit Bhatia, who will also become Liverpool's new vice-chairman, 1892 Holdings has acquired an approximate 30% stake in the club.
Named after the year in which Liverpool was founded, the consortium includes investments from Bhatia himself as well as the Mittal family (led by Bhatia's father-in-law, Lakshmi Mittal), the K5 Sports Fund (led by Bezos) and EE Capital, the family office of Facebook co-founder Eduardo Saverin and his wife Elaine. Sources told ESPN the stake is worth around $1.65 billion, which takes Liverpool's overall valuation to a fee in the region of £5.5 billion ($7.45B).