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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Is China’s sovereign wealth fund selling Morgan Stanley shares to buy Liverpool

Posted on 06 August 2010

From Businessinsider.com: It appears China’s sovereign wealth fund, CIC, is preparing a bid for Liverpool Football Club of the English Premier League, according to The Guardian. Kenny Huang, who was preparing the bid for Liverpool, now appears to be linked to China’s sovereign wealth fund as their deal maker in the UK.
The bid is reportedly being financed through the sale of Morgan Stanley shares by the CIC, which amount to $558 million. That number is equivalent to Liverpool’s outstanding debt, which is 351.4 pounds, or $558 million……………………………………….Full Article: Source

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