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World

Chinese firms eye a stake in Liverpool

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World

Chinese firms eye a stake in Liverpool

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COMING UP:Chinese firms eye a stake in Liverpool

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00:00:02
>> 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. A source denies the club's American owners, Fenway Group, are planning to sell.
00:00:17
But as Reuters' Adam Jordan explains, that doesn't mean a deal is off the table.>> What we could be seeing is a potential Chinese buyer who will come in and buy out maybe 10%, 20% from minority stake, and bring that Chinese aspect, a bit of extra money, and potentially exposure here in China.
00:00:34
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 not starting to come through really exemplify and underline that China is aiming for the biggest and the most successful clubs around Europe.
00:00:56
>> So it's obvious what all those extra cash could bring, but the question now is, who has that kind of money? Source close to the matter tell Reuters, they could include some big name investors.>> What we know about this deal is that there isn't just one interested party involved.
00:01:10
We've heard about Everbright, which is a state-backed financial conglomerate here, who's working hand in hand with a British businesswoman who has 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 Wonder and Fossen as being possibly interested having a look at Liverpool.
00:01:29
>> 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 to 30 million just to put new people on the field.