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China eyes major English soccer club?

Monday, August 22, 2016 - 01:36

Big Chinese money is turning its attention to British soccer club Liverpool, what may be the latest in an ongoing Chinese splurge on the sport. Ryan Brooks gives an insight into what’s on the table.

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One of Britain's biggest names in soccer. Will it soon be going the way of Italy's Inter Milan and England's Manchester City? Sources say Chinese buyers have been sniffing around, looking to snap up a stake in Liverpool. (SOUNDBITE) (English) REUTERS' REPORTER ADAM JOURDAN SAYING: "What we could be seeing is you know a potential Chinese buyer who would come in and buy up maybe 10 to 20% from minority stake, and bring that Chinese aspect a bit of extra money, and potentially exposure here in China. The reason with Liverpool that would be a big deal is because this club is one of the most successful, one of the most storied clubs in England. Has a huge history, has a passionate and strong fan base. So these sort of deals which are now starting to come through really exemplified on the line that China is aiming for the biggest and most successful clubs around Europe." So it's obvious what all that extra cash could bring, but the question now is, who has that kind of money? (SOUNDBITE) (English) REUTERS' REPORTER ADAM JOURDAN SAYING: "What we know about this deal is that there isn't just one interested party involved. We've heard about Everbright, which is a state-backed financial conglomerate here, who's working hand-in-hand with a British business woman who's been involved before in some of the biggest deals in UK soccer. But we also know that there are other interested parties here in China. we've heard names like Wanda and Fosun as being possibly interested, having a look at Liverpool." The cash injection could help Liverpool compete beyond the soccer pitch. Snapping up top players - which doesn't come cheap in leagues like England, where even small clubs spend 20-30 million to put new people on the field.

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China eyes major English soccer club?

Monday, August 22, 2016 - 01:36