Liverpool denies Chinese £800m bid

Recently, the rumour has resurfaced that a Chinese group has made a bid of £800 million to Fenway Sports Group (FSG), the American owners of English Premier League(EPL) side Liverpool.

As stated in a Financial Times report, Liverpool's owners have already hired an investment bank to advise on the possible sale of a sizeable stake in the club to a Chinese investment group.

According to several reports, this group consists of Chinese state-owned firm Everbright and private equity firm PCP Capital Partners. Sources even said that a bid has been received.

FSG acquired Liverpool for £300 million in 2010 and has been recently supporting the expansion of Anfield to a 54,000 capacity stadium, as part of a £250 million local redevelopment scheme.

Foreign soccer clubs Inter Milan, Espanyol, Wolves and Aston Villa have  come under the control of Chinese investors in recent times. However, Liverpool's owners insist that the Reds will not be joining those ranks. Tom Werner, Chairman of the EPL outfit, said last week that the club was “not for sale.”

Source: insideworldfootball

Proofread by Sean O Diobhilin