Business

Chinese language agency ‘eyes Liverpool FC stake’

Liverpool playing Arsenal 13 January 2016

Picture copyright
Reuters

A consortium led by a Chinese language funding firm is concerned about shopping for a stake in Liverpool Soccer Membership, in response to media stories.

The Financial Times stated Chinese language state-owned agency Everbright and personal fairness agency PCP Capital Companions had been behind the multi-million pound bid.

Different stories quoted membership insiders as saying an unsolicited preliminary provide had already been submitted.

However the membership and house owners Fenway Sports activities Group stated that they had acquired no bids.

The FT quoted the membership’s chief government, Ian Ayre, as saying, “There is no such thing as a bid and we’ve got no ongoing funding dialogue of any sort with anybody.”

US agency Fenway acquired Liverpool for £300m in 2010. The newest reported bid is claimed to worth the membership at greater than £700m.

Lately, Chinese language buyers and companies have quietly been buying stakes in soccer golf equipment in England, Spain, France, Netherlands and the Czech Republic, whereas President Xi Jinping has professed a love of the sport.

In December final 12 months, Manchester Metropolis’s mum or dad firm, Metropolis Soccer Group, sold a 13% stake, value £265m, to a consortium of Chinese language buyers.

In response to Deloitte’s Football Money League, Liverpool are the ninth richest soccer membership on the earth, with revenues of €391.8m (£339m) within the 2014-15 season.

Final monetary 12 months, the membership made a £60m pre-tax revenue, due to the £75m it made out of promoting Luis Suarez.

With out the increase from the Uruguayan footballer – which the membership invested in eight new gamers – Liverpool would have damaged even for the 12 months.