A group of investors led by British-Indian businessman Amit Bhatia is in talks to buy a small stake in Liverpool.The son-in-law of Indian steel tycoon Lakshmi Mittal, Bhatia announced earlier on Tuesday he was stepping down from the board of Queens Park Rangers and transferring his shares in the Championship club to the majority owner Ruben Gnanalingam, ending a 19-year connection with the West London-based side.In a statement published on the QPR website, the 46-year-old expressed his “pride, gratitude and affection” to everyone at the club for making him and his family welcome since 2007 but did not say what he might do next.Finding out did not take long, though, as British outlet the Financial Times almost simultaneously reported his talks with Fenway Sports Group, the U.S.-based syndicate that has owned Liverpool since 2010.In a statement released to The Athletic, an FSG spokesperson said: “An investment consortium led, managed, and represented by Amit Bhatia has expressed interest in making a strategic minority investment in Liverpool Football Club.”Bhatia (centre left) with ex-tennis player Andy Murray (left), ex-cricketer Kevin Pietersen (centre right) and businessman John Tyson (right)The proposed deal is for a similar-sized stake to the one FSG sold to Dynasty Equity in 2025, when the American investment firm paid a figure in the region of £150million ($200million) for about three per cent of the Premier League club. That deal valued the 20-time English champions at approximately £4.5billion ($6billion).Bhatia has not responded to a request for comment but he has appointed advisers to work on the deal. Sources with knowledge of proceedings say talks are in their early stages.Born in London, Bhatia attended New York’s Cornell University and has worked in finance on both sides of the Atlantic. He is currently chairman of British construction firm Breedon Group, managing director of AyBe Capital Advisors and a founding partner of property investment firm Summix Capital.Mittal, his father-in-law, is currently listed as the 73rd richest person on the planet, according to U.S. business outlet Forbes, with a personal fortune of £23billion ($31billion).He also owns a small stake in QPR and has previously been linked with bids for Everton and Wigan. Earlier this year, he bought a majority stake in cricket’s Rajasthan Royals in a deal that valued the Indian Premier League franchise at $1.65billion (£1.24billion).FSG, which was founded in 2001 as New England Sports Ventures, bought baseball’s Boston Red Sox in 2002, before paying £300million ($400million) for Liverpool eight years later.Since then, FSG has redeveloped the club’s Anfield stadium, built a new training ground and seen Liverpool win two Premier League titles, an FA Cup, three League Cups and the Champions League in 2019.In 2022, FSG announced it was open to offers for Liverpool but eventually agreed to sell only a small stake to Dynasty.Among FSG’s 33 partners are principal owner John W. Henry, chairman Tom Werner, president Michael Gordon, NBA legend LeBron James and former Red Sox general manager Theo Epstein.As well as its most famous assets, Liverpool and the Red Sox, FSG owns a stake in the commercial arm of golf’s PGA Tour and NASCAR’s RFK Racing. Last year, it sold NHL franchise the Pittsburgh Penguins for £1.3billion ($1.7billion).