Liverpool owners receive approach from Chinese firm to buy a stake in the Premier League club... and £700m deal could make them richer than Manchester City
A state-backed Chinese consortium are planning a multi-million pound bid for a stake in Liverpool, according to reports.
China Everbright, a financial services conglomerate, are said to value the Premier League club at £700million and a preliminary offer has already been tabled, according to a club insider.
The Sunday Times claim most of the money for the bid will come from China Investment Corporation, the country's main sovereign wealth fund with assets of around £620billion.
American tycoon John W Henry is the principal owner of Liverpool Football Club
Finance firm China Everbright are said to value the Premier League club at £700m
If the bid is successful, Liverpool could become richer than Manchester City, who are owned by Sheikh Mansour. The 45-year-old is believed to have a personal fortune of around £20bn.
Liverpool flatly deny any bid although it is believed Fenway Sports Group, the American owners of the club, have responded to the approach by appointing financial advisors.
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