China Everbright Eyes Stake in England's Liverpool FC: Reports
Charissa Echavez | | Aug 22, 2016 07:11 AM EDT |
(Photo : YouTube Screenshot) China Everbright is planning to buy shares in Liverpool.
State-owned China Everbright is reportedly planning to buy a stake in England's Liverpool Football Club for over $913 million.
According to Sky News, investment company China Bright is working with PCP Capital Partners to secure shares in Liverpool Football Club.
Other sources said that instead of an outright takeover, any investments would likely be a joint venture, with Silk Road Finance Corp. believed to be part of the consortium's discussions.
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While there are speculations that an unsolicited preliminary offer had already been submitted, Liverpool's owner Fenway Sports Group insists the club is not for sale and has not received any bids yet, BBC News reported.
"There is no bid and we have no ongoing investment discussion of any kind with anyone," Ian Ayre, Liverpool FC's CEO, told The Financial Times.
Although Fenway dismissed Liverpool's potential outright sale, it said it is open to selling a minority stake.
"We've said in the past, under the right conditions and absolutely with the right partner, we could look at some small investments stake in the club but only in the framework of doing what would be in the club's long-term best interests," Tom Werner, the English club's chairman, said at the Liverpool Echo this week.
Meanwhile, if the rumored deal with China Everbright is realized, it would represent one of China's most significant investments to date in English football.
Sky News reported that a spokesperson from PCP refused to make a comment, while China Everbright could not be reached.
Fenway Sports Group acquired Liverpool for about $391 million in 2010.
TagsChina Everbright, PCP Capital Partners, PCP, Fenway Sports Group, Liverpool FC, Football
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