John W Henry and FSG have rejected two takeover bids from China in recent weeks.
According to the Independent, bids from SinoFortone and the Sunline Group – both of which are ultimately backed by the Chinese government – have been considered and rejected. It is thought they were both around the £750 million mark.
The article’s writer, Simon Hughes, understands FSG are holding out for a higher amount, especially given they now have a proven manager who is “secured to the longest and most lucrative contract signed by any person in his position in the history of the club.”
It’s worth remembering FSG saved us from bankruptcy and potentially “doing a Leeds” when they wrestled ownership from the hands of Hicks and Gillett for just £300 million in October 2010.
Since then they’ve revolutionised our commercial model, brought in new sponsorship from around the world, and finally began to exploit the club’s previously untapped potential.
Whatever the future may hold, it’s important to recognise and be thankful for the work Henry and his team have done.