Chinese investor Dai Yongge visits Hull City

Thursday, 11 Aug 2016 12:00

By Chen Yaping

Dai Yongge and his sister Hawken Xiu Li, who lead a consortium of investors from mainland China and Hong Kong, have visited the English Premier League club Hull City's Cottingham training base.

The duo are discussing a purchase deal with Hull’s vice-chairman Ehab Allam. It is reported that they made an offer to buy Hull last week. The consortium has not yet completed the due diligence process and an exact price has still to be finalised.

According to earlier reports, some American bidders and another Chinese group also showed interest in the club, but ultimately it came to nothing.

The new group is said to have made their fortune in real estate and they already own Beijing Renhe, a Chinese second division club.

"To ensure stability during the transfer window, the club can confirm that takeover talks have been placed on hold until the summer window closes." Hull City said in a statement.

Source: theguardian

Proofread by Sean O Diobhilin

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