China Everbright Agree Liverpool Stake
FSG have agreed a very profitable approach from China Everbright – a state owned billionaire conglomerate.
FSG are not selling Liverpool, but they’re happy to have sold a minority stake for a hefty fee so the club can receive extra investment. The deal is believed to have seen 25% of the club being sold to the Chinese state business, some of this coming from LeBron James' acquired stake in 2010, Lebron is also set to take a more active cub role but in what capacity is yet to be determined due to a sposnorship issue with Nike.
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China Everbright have assets worth a ridiculous £602b, which would make Liverpool’s possibilities in the transfer market and commercially enormous. The Chinese business have agreed to fund both on the field and off the field matters, with £50 Million beng invested into the transfer fund whilst they have also agreed to fund part of the new main stand.
The deal will see J W Henry take a more supervisory role with China Everbright's Wu Xiaohui taking over as co-chairman, whilst Xu Jaiyan will become the new primary owner of the football side as Tom Werner moves over to take control of the business and commercial side of the club.
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With FSG looking to sell naming rights in 2017, could this be the first of many ventures into the Far East for sponsorship and investment opportunities?
