Chinese Mogul Linked To Liverpool Takeover
Chinese businessman Kenny Huang is reportedly set to launch a takeover to buy Premier League club Liverpool.
The club is up for sale and American owners Tom Hicks and George Gillet have asked for a reported £650m for full ownership.??
Huang, who is said to be backed by Chinese state-owned investment funds, was linked with a bid for the club two years ago but it is reported the Anfield club approached him during the World Cup.
The club has been struggling for finances and is in a reported £237m debt – and the new stadium, originally set to be ready for the coming season, hasn’t even been started.
Liverpool appointed British Airways chairman Martin Broughton as temporary non-executive chairman of the club in April to oversee the sale of the club, and he has admitted when he joined that a takeover may take a while.
