Liverpool takeover: Rumours of multi-million pound deal resurface

Chinese government-backed investment group SinoFortone is making moves to buy Liverpool for £700m, according to reports.

LFC owner Fenway Sports Group (FSG) has been aware of SinoFortone’s interest since March, according to The Independent, but is believed to be reluctant to sell.

However, City AM reports that FSG has in fact received no offer from SinoFortone.

News of the potential takeover arose after a letter dated February 10 2016, supposedly penned at SinoFortone’s offices in London, appeared on social media.

In addition to the acquisition, the letter included plans to build a new LFC stadium and deliver a revamp of the Reds’ Melwood training ground.

It read: “We understand that this would be based around a valuation in the region of £700m; and that we are interested in funding the development of a new stadium in the docks area, and the redevelopment of both Anfield and Melwood, all in conjunction with Liverpool City Council; and the development of a series of football training academies across China.”

Earlier this year, rumours circulated of a potential Middle Eastern takeover for Liverpool, also valued at £700m.

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