Vintage Cobbler
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Well, control of the board of the club's holding company, NT Ventures Ltd, was gained by the Chinese appointing 2 directors, Bower resigning from Ventures' board leaving only KT from the English side. The same 2 Chinese directors were also appointed to the board of NTFC but were a minority to DB, KT and Mike Wailing. It was also announced at that time (23 June 2017) that 5USport had acquired 60% control of Ventures (i.e. shareholding majority). No mention of the amount of money involved was made by the club on the date of the announcement or subsequently but Ian Herbert (a serious football journalist who wrote a highly regarded biography about Liverpool's Bob Paisley) reported in the Mail-on-Sunday on 29 July 2017 that "......the new owners have paid around £6 million for the controlling stake....."
I have no means of knowing the accuracy of the Mail's article. It seems clear that the Chinese defaulted on their obligations but how much was paid or not as may be the case before that stage was reached is unknown to all but those directly involved. They are saying nothing and the accounts of the relevant companies disclose no transactions that may be attributable to 5USport.
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