Report: Hull City agree takeover deal by Far East consortium

A general view of the KC Stadium is taken ahead of the English Premier League football match between Hull City and Chelsea in Kingston upon Hull, north east England on March 22, 2015
© Getty Images
The takeover of Premier League outfit Hull City by a Far East consortium for £130m has been agreed, according to reports.

A Far East consortium has agreed to take over Hull City for £130m, according to reports.

The Premier League club, owned by the Allam family, has been for sale since 2014.

The Hull Daily Mail suggests that a company called Greater China Professional Services Limited (GCPSL) has agreed a partnership with Camsing Global for the purchase of the Tigers.

Meanwhile, BBC Sport reports that a document filed to the Hong Kong stock exchange details a conditional agreement for a deal with the consortium.

Hull, promoted to the top flight via the playoffs last season, are 16th in the table after taking seven points from their opening eight games of the season.

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Tables
TeamPWDLFAGDPTS
1Manchester CityMan City96212091120
2Arsenal96211991020
3Liverpool96212011920
4Chelsea96121991019
5Tottenham HotspurSpurs9540134919
6Everton9432138515
7Manchester UnitedMan Utd94231312114
8Southampton9342118313
9Watford93331313012
10Bournemouth93331212012
11Crystal Palace93241212011
12Leicester CityLeicester93241115-411
13West Bromwich AlbionWest Brom92431010010
14Burnley9315813-510
15West Ham UnitedWest Ham93151017-710
16Stoke CityStoke9234916-79
17Middlesbrough9144711-47
18Hull City9216822-147
19Swansea CitySwansea9126815-75
20Sunderland9027616-102