Chinese tycoon interested in buying Liverpool FC
Mon 2nd Aug 2010 | Clubs Ownership
According to reports, Chinese tycoon Kenny Huang has entered negotiations with the Royal Bank of Scotland with a view to buying Liverpool Football Club.
A report in the The Times claims Huang - who was first linked with a Liverpool takeover two years ago - is allegedly keen to push through the deal in time for Roy Hodgson to further strengthen the side this summer.
The appointment of Martin Broughton, the British Airways chairman was made earlier this year by current owners, Tom Hicks and George Gillett to oversee a sale of the club.
Huang, a Wall Street stockbroker and chairman of the Hong Kong-based QSL Sports group, is backed by one of the wealthiest investment funds in the Far East.
It’s understood he has approached RBS directly to tempt the bank with an offer to clear the club's £237m debt, but Liverpool's US owners are not keen on the deal because it would see them exiting without any profit from their three-year reign.
But the terms of the RBS re-financing deal signed when the club was put up for sale stipulate that the bank can negotiate a sale if they believe it is in Liverpool's best interests.
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