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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Group won’t enrich Hicks, Gillett

Posted on 13 August 2010

From AP: A group of Chinese investors said Friday that any offer it makes to buy Liverpool from Tom Hicks and George Gillett Jr. won’t enrich the embattled American co-owners. Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said it first contacted Liverpool chairman Martin Broughton on Monday, a day after reports of a possible bid first surfaced.
China Investment Corp. — the country’s sovereign wealth fund — would not have a direct ownership stake in the club. However, Ganis said it may be part of an investment vehicle organized by Yang and his financial team that would have a passive ownership interest……………………………………….Full Article: Source

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