The reported proposal would not represent a full change of control. FSG, led by John W Henry, bought Liverpool in 2010, and a minority investment would appear to allow the American ownership group to retain the final say.
Bhatia is a familiar figure in English football, having previously been involved with Queens Park Rangers. The report says his consortium is seeking additional financial backing as it works to increase its funding.
For Bezos, the move would mark a first reported attempt to invest in a European football club. The Amazon founder has previously explored opportunities in American sport, including interest in NFL franchises, but did not submit an offer.
Liverpool would join a wider shift in football ownership. American investors have taken major positions at clubs including Chelsea and Arsenal, while Reynolds and Rob McElhenney have turned Wrexham into the most visible lower-league example of celebrity-backed investment.
“Each match I'm pacing around like a caged lion,” Reynolds added, underlining the emotional demands that come with owning a club. For investors, the attraction is not only commercial reach but also the global identity and weekly drama of football.
A minority sale could bring fresh capital, commercial expertise or international connections without ending FSG’s stewardship. But supporters would inevitably ask whether new investment changes the club’s transfer ambitions, governance or long-term direction.
The next key storyline is whether Bhatia’s consortium can secure Bezos’ backing - and whether FSG turns reported discussions into a formal agreement. Until then, Liverpool’s ownership picture remains unchanged, with the intrigue focused on who might be invited inside.