VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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
Related coverage
23 Aug 2016
Baoneng buys Guangzhou International Sports Arena for RMB3.7bn
25 Aug 2017
CMC deepens involvement in Chinese football
23 Dec 2015
AC Milan and China are perfect match for each other
20 Apr 2015
Guangzhou Evergrande to receive more finance support from government
13 May 2015
More from Yutang Sports
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
SportAccord 2024 - MediaAccord is ‘rare opportunity’ to meet before Paris 2024
08 Mar 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
Yutang Sports
loading...