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Published: 10:51 | 21/8/16

Liverpool deny Chinese takeover rumours

Liverpool have been moved to deny they are in takeover talks with Chinese investors as rumours of a buyout mount.

Sky News have alleged that China Everbright, a financial conglomerate backed by the Chinese state, are preparing a bid to take a stake in the Premier League club which would value it at around £700m.

Fenway Sports Goroup (FSG), who own the Merseysiders, early this week told the Liverpool Echo that they have no plans to sell part of the club to China and speaking to the Financial Times, Liverpool Chief Executive, Ian Ayre, said: “We have no comment. There is no bid and we have no ongoing investment discussion of any kind with anyone.”

Liverpool chairman Tom Werner also told the Echo that the club is "not for sale".

However, the newspaper believes FSG would take the bid seriously should it be made.

FSG purchased the club in 2010 after previous owners George Gillette and Tom Hicks defaulted on repayments to their lenders which saw the bank take control of the club and sell it to them.

They are understood to have long held the position that they would be willing to sell a sizeable stake to a minority investor if the right proposal was made to them but they were not openly seeking such an offer.

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