News has been relatively slow in the past couple of days, but we woke up this morning to see that a billionaire Chinese consortium are genuinely trying to buy Liverpool Football Club….
The Independent have published an exclusive today which claims SinoFortone – an investment group backed by the Chinese Government – are eying up a £700m purchase bid. According to the report, they’ve been in discussions with FSG since March, but our current owners have so far not been especially receptive to the approach.
Amazingly, part of their proposal includes building a new stadium in the dockland area of the city, despite the millions spent on redeveloping Anfield’s Main Stand – set for completion ahead of next season.
SinoFortone, fronted by Peter Zhang, have pumped billions into British projects over the past year. They committed £2bn for Welsh eco-parks and £10bn on affordable, green Scottish housing; as well building ‘building roads, railways, airports, seaports and power stations’ in the Far East; and lining up a mega investment of the upcoming Paramount London scheme.
There are many factors why they want LFC, including our prestige, the Premier League TV money and the fact there’s a new £200m China Town project less than a mile away from the city centre. SinoFortone’s plans also include revamping Melwood and upgrading the playing staff.
SinoFortone are seriously aggressive investors with a track record of success on a conglomerate scale, but this would be their first venture into sport. The Independent claim there is room for slow investment on their behalf, creating FSG a lengthier exit strategy.