Liverpool hire advisers after Chinese approach - report

ByReuters

Updated 20/08/2016 at 21:44 GMT

Liverpool's owners have hired an investment bank to advise on the possible sale of a sizeable stake in the club to a Chinese consortium, the Financial Times said on Saturday citing sources close to the matter.

Rain at Anfield

Image credit: Reuters

The consortium is structured as a partnership between Everbright, a Chinese state-owned financial conglomerate, and Ms Staveley's PCP, the report said.

Liverpool are owned by the Fenway Sports Group. If the deal goes through it would be the latest in a series of investments from China in football clubs across Europe, in keeping with President Xi Jinping's bid to raise the profile of the sport in his country.

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Earlier this week, chairman Tom Werner denied Liverpool were up for sale while chief executive Ian Ayre said the club were not engaged in investment discussions with anyone.

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