What would you say if the future owner of Liverpool FC was the Chinese Government? Sounds too unbelievable to be true, but the British press is reporting that The Reds could be bought by one of the original reds, the Chinese Government, within the next month.
The Chinese Government’s overseas investing arm is China Investment Corporation (CIC), which is funding the bid fronted by Chinese sports tycoon Kenny Huang. The CIC is one of the largest sovereign wealth funds in the world and has assets of $332 billion as of the end of 2009. A sovereign wealth fund is a state-owned investment fund that invests globally.
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