Kenny Huang Closes In On Liverpool Takeover
Liverpool football club claim they are considering “several bids” from wealthy investors to buy the club from current owners Tom Hicks and George Gillett.
Kenny Huang – head of Hong Kong-based investment company QSL Sports Ltd – has gone public on his wishes to take over at Anfield and is thought to value the club at around £325 million.
Liverpool chairman Martin Broughton and investment bank Barclays Capital will assess each bid – thought to be as many as six – and select a preferred offer.
Hicks and Gillett owe RBS in the region of £237m and it’s been claimed that Huang has attempted to communicate with them directly. RBS has refuted the claim, but it does appear that Huang is building a credible offer.
The American owners were welcomed to Anfield in 2007 by Liverpool fans who wanted to see a Roman Abramovich style spending spree to help them catch up to rivals Manchester United and Chelsea at the top of the table, but it soon became clear that they were not interested in injecting their own cash into the club and fans have turned on them.
Liverpool’s plight is similar to the situation at Old Trafford with the American Glazer family taking charge of Manchester United by leveraging huge debts onto the club.
Posted by Editor
on Aug 3 2010. Filed under Football, Latest News, Sport.
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