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English Premier League 2015-16

Another Chinese EPL football club owner? Liverpool become the latest club linked to an Asian takeover

The Premier League club has denied it received contact from Chinese investment company SinoFortone as details of a letter outlining their interest circulates on social media

PUBLISHED : Thursday, 16 June, 2016, 10:08am
UPDATED : Thursday, 16 June, 2016, 10:20am

Liverpool is the latest English football club to be linked to an Asian takeover after reports in England suggested a Chinese state investment group had contacted the Premier League side over potential investment.

A letter, purported to be the one sent to the club in February of this year, was yesterday circulating on social media and outlines details of the company’s interest while submitting a £700 million (HK$7.70 billion) valuation of the Merseyside outfit.

Meanwhile, US-based current owner Fenway Sports Group denied that it had received any offer for the club.

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The letter claims that SinoFortone has already invested £5.2b in UK-based projects over the last year and also claims an interest in building a new stadium in the docks area of Liverpool town centre as well as investing in the regeneration of Liverpool’s Anfield home and Melwood training facilities.

For their part, FSG has declared that they are happy with the performance of their investment and are looking forward to a successful campaign under German manager Juergen Klopp. They also began construction work on a redesign of the Main Stand at Liverpool’s ground last year.

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The news comes two days after the formal completion of the takeover of former Premier League club Aston Villa by Chinese businessman Tony Xia.

It is not the first time Liverpool has interested Chinese investors. In 2010, the club was strongly linked with a bid from overseas investment arm China Investment Corporation (CIC). At that time they valued the club at £350m. The club was eventually purchased by FSG for £300m.

Liverpool is thought to be an attractive potential investment area for the Chinese because of its rich Chinese heritage. The port city is home to the oldest Chinese community in Europe.

There has been no comment from SinoFortone on the authenticity of the letter.