KopTalk.com Forums Football Liverpool FC Forum Businessman Huang in LFC talks?

Just when it looked like it had gone quiet on the takeover front various sites on the internet are reporting that theres serious interest from kenneth huang to buy liverpool altho reports of the syrian businessmen have also rose up today and this could just be regurgitated oops from the press from april but lets hope not what you think?

Former Wall Street broker Kenneth Huang is believed to be in talks with RBS over buying Liverpool FC, according to reports tonight.

The Times reports that Huang is backed by one of the largest sovereign wealth funds in the Far East and is determined to gain control of the club before the transfer window close at the end of the month.

Anfield Road website writes:

Huang will not be relying on his own wealth for the deal and for the backing of the club in what it needs to get back on track, but he is determined to prevent the current management from allowing the club to go any further off course as he tries to close the deal. The Times report that he has already approached key figures at Anfield to try and prevent an exodus of players. Fernando Torres is named as a player requested not to make a decision on his future ahead of this potential takeover.

Huang was linked with a bid for the Club in April, when he was quoted as saying:

“Negotiations have taken place over the last few months and we are at a crucial stage. I really hope it turns out to be a successful bid. Right now my audit team is examining the books and my legal team is in close contact with theirs. We have a fierce competitor in the Middle East, but it could be finalised in June.”

I thought his name sounded familiar

http://www.guardian.co.uk/football/2010/apr/25/liverpool-huang-consortium-benitez-juventus

Can't see it happening, when the sale goes through the fans will be the last to know.

Just posted this story myself! Im hopeful this time, dont know why but I am. The Times site is subscription so I cant read the full story but Anfield Road seem to be linking Torres staying with the Kenny Huang bid, which means it must be quite advanced.

They also want it done before the end of the transfer window. Anyone up for a Marquee Signing or two?

Cheers for the info. I'm not shooting the messenger here, but this is the second bit of different take over info from anfieldroad web site in two days. The two stores they have been talking about have been ones from the past. Don't know what to believe.

I know the process is be kept well under wraps but there will definitely be whispers just before it happens, lets hope this is THE whisper. Havent been excited in ages about getting rid of fat yanks, god let it be true!

il get the story now and il post it in a few minutes

Actually I think someone at Anfield Road has connections with the Times as they seem be following them. This Huang story is from the Times.

Liverpool’s ownership battle picked up pace yesterday when it emerged that a Chinese tycoon was in negotiation with Royal Bank of Scotland to take control of the club.

Kenny Huang, who is partnered by one of the biggest sovereign wealth funds in the Far East, is determined to wrest control from Tom Hicks and George Gillett Jr before the transfer window closes. Last month, Huang made approaches to a number of key figures at Anfield to emphasise the seriousness of the bid in an attempt to forestall a summer exodus of players.

Fernando Torres, who reports back to training today, will be asked to delay any decision on his future until the outcome of the takeover bid is known.

Liverpool have been up for sale since April, when the American owners appointed Martin Broughton, the British Airways chairman, to oversee any deal. However, last week, no viable bidder had come forward and Broughton has not moved the process on.

Hicks and Gillett took over three years ago in a leveraged buyout and owe RBS about £237 million. Hicks has consistently quoted an asking price of £800 million club but business analysts consider this unrealistic, with £325 million a more reasonable figure.

The approach by Huang guarantees RBS the repayment of the vast majority of the loan because the bid guarantees to clear Liverpool’s debt.

Huang, who was first linked with a buyout at Liverpool two years ago, has an impressive track record as head of QSL Sports Limited, a Hong Kong-based investment company. He was instrumental in taking Yao Ming, the basketball superstar, to the Houston Rockets in the NBA.

Sources close to Huang said that he was eager to push the Liverpool deal through to make use of the transfer window. Roy Hodgson, the manager, would be given funds to add to a squad that dropped out of the top four and the Champions League places last season.

As well as generating revenue, Huang plans to build a new stadium as quickly as possible. The Americans made a similar promise in February 2007, pledging that ground would be broken on the Stanley Park site within 60 days, but work has still not started.

Liverpool’s ownership battle picked up pace yesterday when it emerged that a Chinese tycoon was in negotiation with Royal Bank of Scotland to take control of the club.

Kenny Huang, who is partnered by one of the biggest sovereign wealth funds in the Far East, is determined to wrest control from Tom Hicks and George Gillett Jr before the transfer window closes. Last month, Huang made approaches to a number of key figures at Anfield to emphasise the seriousness of the bid in an attempt to forestall a summer exodus of players.

Fernando Torres, who reports back to training today, will be asked to delay any decision on his future until the outcome of the takeover bid is known.

Liverpool have been up for sale since April, when the American owners appointed Martin Broughton, the British Airways chairman, to oversee any deal. However, last week, no viable bidder had come forward and Broughton has not moved the process on.

Hicks and Gillett took over three years ago in a leveraged buyout and owe RBS about £237 million. Hicks has consistently quoted an asking price of £800 million club but business analysts consider this unrealistic, with £325 million a more reasonable figure.

The approach by Huang guarantees RBS the repayment of the vast majority of the loan because the bid guarantees to clear Liverpool’s debt.

Huang, who was first linked with a buyout at Liverpool two years ago, has an impressive track record as head of QSL Sports Limited, a Hong Kong-based investment company. He was instrumental in taking Yao Ming, the basketball superstar, to the Houston Rockets in the NBA.

Sources close to Huang said that he was eager to push the Liverpool deal through to make use of the transfer window. Roy Hodgson, the manager, would be given funds to add to a squad that dropped out of the top four and the Champions League places last season.

As well as generating revenue, Huang plans to build a new stadium as quickly as possible. The Americans made a similar promise in February 2007, pledging that ground would be broken on the Stanley Park site within 60 days, but work has still not started. From The Times