Chinese group deny Liverpool takeover reports

Date published: Thursday 1st September 2016 1:40

China Everbright have denied holding talks with Liverpool over a potential takeover of the Premier League club.

The Sunday Times reported last month that Everbright were keen to acquire a substantial shareholding in Liverpool in a possible deal which valued the club at around £800million.

China Everbright Ltd were said to be working with private equity firm PCP Capital Partners, while Liverpool owners Fenway Sports Group had reportedly hired investment bank Allen & Co as advisors during negotiations.

However, Reuters have reported that China Everbright chief executive Chen Shuang knows nothing of any deal involving Liverpool.

“Chen said that after media reports of Everbright’s interest in the football club, he called several executives at different units of Everbright that might be involved in outbound mergers and acquisitions and found no one was working on any such deal,” a report read.

“From what he knew, there was never any such deal at Everbright.”

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