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Liverpool Owner Fenway Sports Group Denies Reports Of Takeover Bid From China

Liverpool owner Fenway Sports Group insisted that it has "not received a takeover offer from a Chinese investment group," according to James Pearce of the LIVERPOOL ECHO. Reports on Wednesday evening suggested that SinoFortone "was attempting to buy the club from the Americans" for around £700M ($994M). A letter circulating on social media -- dated Feb. 10, 2016 -- claimed to be from SinoFortone’s London offices "stating that they wanted to enter into discussions with Liverpool over potential investment." It read, "We understand that this would be based around a valuation in the region of £700million; 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." However, senior FSG officials said that "no such letter was received and are adamant that they haven’t had any discussions with SinoFortone about either part-investment or a potential takeover." SinoFortone is yet to respond to "attempts to establish the authenticity of the letter." However, the website on the letter "www.sinofortone.com" does not exist and the letter said that it is from Dr. Peter Zheng. The managing director of SinoFortone Group in the U.K. is Dr. Peter Zhang. FSG’s stance on its ownership of Liverpool "remains unchanged." It has "no intention of selling the club in the near future but have always been open to the idea of selling a minority share in Liverpool FC if the right offer was on the table" (LIVERPOOL ECHO, 6/15).

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