The Reds could overtake the likes of Man United, Man City, and Chelsea in financial power.

According to the Sunday Times, Liverpool have been approached by a Chinese party backed by the government wishing to buy the Premier League giants, with an £800m offer being tabled. If the deal goes through, the Reds could become England’s richest club.

The bid set to place Liverpool as the Premier League’s richest club is being lead by Chinese investments firm Everbright in partnership with China Investment Corporation (CIC), with the latter organization expected to cover the majority of the paycheck.

The two financial giants look to buyout current US owners Fenway Sports Group (FSG) who have appointed financial advisers for the deal on the table. Allen & Co. banking are leading FSG’s discussions about the possible takeover.

The Reds are ranked as the world’s eighth richest club in terms of worth according to Forbes back in May, and this deal could see their value and financial power spike.

However, as written by the Reuters on Sunday, a “senior source” at Anfield revealed that FSG are not looking to cash in on Liverpool and that no mega-money bid was made. However, the source refused to be named.

Furthermore, chief executive of the Reds, Ian Ayre, is quoted by FT as saying: “We have no comment. There is no bid and we have no ongoing investment discussion of any kind with anyone.”

If the alleged takeover were to happen, Jurgen Klopp’s side could overtake Manchester United, Manchester City, and Chelsea in spending power.