Chinese investment in football set to be common after Brexit vote
Liverpool are thought to be in line for a £700million takeover after the UK opted to leave the European Union.
Investment group SinoFortone, who are supported by the Chinese state government, are keen to snap up Liverpool for £700m.
Expert Simon Chadwick, the professor of sports enterprise at the University of Salford, has said that investment in football from the Chinese is now set to be a lot more common after the United Kingdom voted to exit the European Union on Thursday.
“It’s as simple as this – English football clubs have suddenly got a lot, lot cheaper following the drop in the pound.”, said Chadwick,
“They have become far easier to buy by people abroad and that could have a big effect on the Premier League.
“It’s not just Liverpool, it could affect a lot of clubs in England.”
“But the stories I hear are that there is Chinese interest in Liverpool. That is true.
“If a Chinese company buys a Premier League club, there’s no EU regulations around that.
“It’s down to the British government, the British club and the investors to negotiate their own deals now.
“Look at Aston Villa. They’ve just been taken over by Chinese investors and more could follow.”
By Ben Kelly – @benkelly_10
