No injection of cash for Reds
China Everbright LTD have confirmed that they will not be buying a stake in Liverpool Football Club.
The Chinese conglomerate were rumoured to be buying a part of the club valued at around £800million. The Reds owners Fenway Sports Group are understood to be open to a strategic partnership if it helps take the club forward.
However, China Everbright chief Chen Shuang revealed in a press conference today that no such deal is in place.
“Chen said that after media reports of Everbright’s interest in the football club, he called several executives at different units of Everbright that might be involved in outbound mergers and acquisitions and found no one was working on any such deal,” a report read.
Liverpool are not looking to sell the club outright and chairman Tom Werner confirmed this was the case last month.
By Ben Kelly – @benkelly_10