Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

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.

Subscribe to our RSS feed to keep up to date with all the latest football business news http://fcbusiness.co.uk/rss/

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...