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 interested by shopping for a stake in Liverpool Soccer Membership, in response to media studies.

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

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

However the membership and homeowners Fenway Sports activities Group mentioned they’d acquired no bids.

The FT quoted the membership’s chief government, Ian Ayre, as saying, “There isn’t a bid and we now have no ongoing funding dialogue of any type with anybody.”

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

Lately, Chinese language buyers and corporations 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 yr, Manchester Metropolis’s mum or dad firm, Metropolis Soccer Group, sold a 13% stake, price £265m, to a consortium of Chinese language buyers.

In keeping with 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 yr, the membership made a £60m pre-tax revenue, because of the £75m it constituted 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 yr.