Soccer-HK firm says has signed non-exclusive MOU to buy Hull City

Asia-Pac Financial Investment Co

02/11/2016 07:46

HONG KONG, Nov 2 (Reuters) - A Hong Kong-listed firm said on 
Wednesday that a deal for British soccer club Hull City was a 
"non-exclusive" agreement, suggesting there may be plenty of 
play left in a long-running takeover saga that has drawn in 
buyers from China and beyond. 
    GreaterChina Professional Services Ltd  8193.HK , an asset 
advisory and advertising services firm, said at a press 
conference in Hong Kong that it had a non-exclusive memorandum 
of understanding (MOU) with Premier League club Hull City.  
    The owners of the club in October declined to comment on the 
status of a 130 million pound ($160 million) takeover bid from 
the Hong Kong company, while a person with direct knowledge of 
the sale process said rival groups still had offers on the 
table.  urn:newsml:reuters.com:*:nL8N1CQ2V1 
    The Hong Kong firm, listed on the city's Growth Enterprise 
Market, said last month it was leading a consortium to bid for 
Hull City as it aimed to expand and diversify its business and 
revenue stream.  urn:newsml:reuters.com:*:nFWN1CJ0ED 
    Chinese investors have been spending heavily on European 
soccer clubs in recent months.  urn:newsml:reuters.com:*:nL3N1C44TW 
 
 (Reporting by Donny Kwok; Writing by Adam Jourdan; Editing by 
Sudipto Ganguly) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: SOCCER ENGLAND HUL/GREATERCHINA