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.
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.
Any Chinese investment is likely to be a partnership with Fenway rather than an outright takeover.