Liverpool owners Fenway Sports Group have entered into a definitive agreement to sell a minority equity stake to 1892 Holdings, a consortium led and managed by Bhatia. The deal remains subject to regulatory approval.
Bhatia is expected to attend Anfield for Liverpool's Premier League match against Nottingham Forest on Saturday and spoke of his pride at the prospect of becoming involved with the club.
"It feels incredible. It feels surreal when I hear those words," Bhatia said.
"We're talking about Liverpool Football Club. We're talking about the greatest football club in the world. To have the ability to be involved in any capacity is a huge privilege and a huge honour."
Bhatia said his admiration for Liverpool extended far beyond the team's success on the pitch.
"I'm just the biggest admirer of everything that is associated with this football club, whether it's the history and the culture, the supporters and the journey of this club," he said.
He also praised Fenway Sports Group and its leadership, insisting the existing owners would remain firmly in control.
"The club remains under the ownership of FSG; we are a minority who have been invited to sit alongside them," Bhatia said.
"They have run the club incredibly well and brought enormous success. To potentially have a seat at the table alongside people of such high integrity is a huge honour."
The businessman said supporters would remain central to his approach if the investment receives approval.
"I am a fan first," he said. "My involvement in sport has always been as a fan first.
"All that we can hope for is that we can bring more success to the club. But more importantly, that we can make the fans even more proud of the football club that they support."
Bhatia said he understood the importance football clubs have in the lives of their supporters and described that responsibility as one he would take seriously.
"The club has been around since 1892 and it will be around long after we're all gone," he added.
"For the period of time that we are lucky enough to be involved, we have a responsibility to help the club move forward."
Bhatia also made it clear that 1892 Holdings would not seek to take control of Liverpool's day-to-day decision-making.
"FSG are the decision-makers and this is their ownership," he said.
"Our involvement would be in any capacity that FSG felt we could be useful. In any way they believe we can add value for the betterment of the football club, we will make ourselves available."
Bhatia believes the consortium could bring different experiences and ideas to Liverpool, while working alongside FSG to help the club continue to grow.
"We come from different geographies and different professions, and hopefully that brings different experiences and ideas," he said.
"The potential for this football club is still vast. We are very excited to see what the future holds."
Bhatia has previously experienced Anfield from the away end during his involvement with QPR and has attended several Liverpool matches over the past year. Saturday's visit, however, will carry special significance.
He revealed that Liverpool principal owner John Henry had invited him, his family and his fellow partners to attend the Nottingham Forest match.
"It'll be different to attend this time, but hugely exciting," Bhatia said.
"How can you not be excited? It's the biggest and greatest football club in the world.
"If we can be involved, help elevate the club and support it in any way, we are ready and willing. We can't wait to help in any way that we are called upon."
