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A Chinese consortium, Greater China Professional Services Ltd, is set to take over English Premier League club, Hull City, after the club agreed a provisional £130million take over with the group.
The group was introduced to Hull by former owner Adam Pearson and are led by businessman Ip Kwok Kwong.
The Far East consortium have filed a document to the Hong Kong stock exchange saying they had entered into a “heads of terms” agreement with Hull for the purchase of the Premier League club.
The deal is not legally binding and Greater China Professional Services have not yet been vetted by the Premier League.
According to Mirror UK, it is understood the clubs’ owners, the Allams, who have been looking for a buyer since 2014, are talking to other groups and the uncertainty over the Tigers’ future will drag on.
The Allams agreed a deal with a separate Chinese consortium in September, but the takeover collapsed before the Premier League could begin their owners and directors’ test.