Monday, 08 Aug 2016 12:00 | By Chen Yaping
The English Premier League (EPL) outfit Hull City is expected to become the second Premier League club to fall into the hands of Chinese investors, according to a recent report by Sky Sports.
It is reported that a consortium of Chinese and Hong Kong investors is looking to complete a deal to buy the EPL club. The consortium includes representatives of the Dai family, which has business interests in real estate and shopping malls.
"To ensure stability during the transfer window, the club can confirm that takeover talks have been placed on hold until the summer window closes." Hull City said in a statement two weeks ago.
“The club's owners intend to continue negotiations with interested parties in September and any deal would be subject to due diligence.” said the news report.
Several days ago, West Bromwich Albion (WBA) announced that Chairman Jeremy Peace had agreed to sell West Bromwich Albion Holdings, the Club’s parent company, to a Chinese investment group headed by Lai Guochuan.
Source: Sky Sports
Proofread by Sean O Diobhilin