Menu
Franchises

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).

SBJ Morning Buzzcast: May 17, 2024

Brazil's big win; Leonsis looks for scale; breaking down the big categories for Sports Business Awards and remembering Eddie Gossage

NASCAR’s Brian Herbst, NFL Schedule Release, Caitlin Clark Effect

On this week’s pod, SBJ’s Austin Karp chats with our Big Get, NASCAR SVP/Media and Productions Brian Herbst. The pair talk ahead of All-Star Weekend about how the sanctioning body’s media landscape has shaped up. The Poynter Institute’s Tom Jones drops in to share who’s up and who’s down in sports media. Also on the show, David Cushnan of our sister outlet Leaders in Sport talks about how things are going across the pond. Later in the show, SBJ media writer Mollie Cahillane shares the latest from the network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/16/Franchises/Liverpool.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/16/Franchises/Liverpool.aspx

CLOSE