Sports
Chinese firm bid for Liverpool
[divider]A state-backed Chinese consortium are planning a multi-million pound bid for a stake in Liverpool, according to reports.
China Everbright, a financial services conglomerate, are said to value the Premier League club at £700million and a preliminary offer has already been tabled, according to a club insider.
Read Also : Griezmann to consider EPL switch9
The Sunday Times claim most of the money for the bid will come from China Investment Corporation, the country’s main sovereign wealth fund with assets of around £620billion.
If the bid is successful, Liverpool could become richer than Manchester City, who are owned by Sheikh Mansour. The 45-year-old is believed to have a personal fortune of around £20bn.
Liverpool flatly deny any bid although it is believed Fenway Sports Group, the American owners of the club, have responded to the approach by appointing financial advisors.
RipplesNigeria …without borders, without fears
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
German Police bust alleged Nigerian scam dating ring
German authorities have arrested eleven individuals suspected of being members of a Nigerian mafia group involved in a large-scale dating...
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...