Chinese billionaire Huang goes after Liverpool FC
Eliot Sefton
AUGUST 2, 2010
A Chinese billionaire has made a direct offer to the Royal Bank of Scotland to purchase Liverpool's £237m debt and oust the club's American owners, George Gillett and Tom Hicks. He is Kenneth Huang, a Wall Street stockbroker and chairman of the Hong Kong-based QSL Sports group.
Huang, backed by a Far East investment fund, hopes to conclude the deal swiftly in order to give the club's new manager, Roy Hodgson, time to strengthen the squad before the transfer window closes at the end of August.
He also hopes to persuade the Spanish striker Fernando Torres, who is due to return to training today, to stay at the club.
It is understood that Huang has already spoken to a number of senior figures at Liverpool FC to persuade them of the seriousness of his intent.
However, his offer falls far short of of the £600m price Gillett and Hicks have put on their shareholding in the club.
The Americans' favoured purchaser is businessman Yahya Kirdi, a former Syria international footballer.
But sources at Liverpool say he is not a legitimate contender and has been put forward by the Americans only to force a better offer from Huang, giving them the chance to leave Merseyside having made at least some sort of profit
thefirstpost.co.uk