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

He also seems to be forgetting that the first ever liverpool team consisted entirely of OOT's, they were all scottish. Not to mention all the other OOT players that helped make the team great throughout the years and of course all the OOT fans.

Hold on a minute, did you really just put us in the same bracket as Leeds United and Woverhampton Wanderers???!?!?

lets all grow a perm and a handle bar muzzy

jester hats for everyone.

Revealed: The other two bidders vying with Huang for control of Liverpool

Liverpool will consider at least three proposals to buy a controlling stake in the club, as they look to make a decision over a preferred bidder within the next 10 days.

As we revealed yesterday, chairman Martin Broughton will meet personally with Chinese businessman Kenny Huang within the next few days to discuss a £320million proposal to buy out the current American owners.

But Broughton has also been in talks with the Rhone Group, who had a bid to by 25 per cent share in the club scuppered only three months ago.

And the chairman, along with Barclays Capital, has also had contact with the super-rich Al Kharafi family from Kuwait in recent weeks, as they explore the possibility of resurrecting their own interest in buying the club.

Huang is considered a credible and serious bidder for the club, and even though his current valuation is considerably below the asking price of owners Tom Hicks and George Gillett, the Anfield board are treating it seriously.

Talks will move swiftly to identify any prospect an agreement that will satisfy the chief demands of finding an agreeable price and key terms for the future of Liverpool, which include the removal of debt on the club and financing of a new stadium.

Broughton will decide which bid ticks the right boxes to take the club forward, and has confirmed he is in a position to accept the best possible option for Liverpool, even if it doesn't satisfy the Americans.

The US-based Rhone group are trying to revive their earlier offer for 25 per cent of the club for a figure of around £100million, which would value the club above the offer of Huang.

Kuwait's billionaire Al Kharafi family were close to an agreement to buy Liverpool earlier this year, but then withdrew from the process without explanation.

While they have yet to make any formal offer, it is thought contact has been resumed in recent weeks, and Broughton will now decide on which of the competing parties is the preferred bid by next weekend.

The club will then hope to complete negotiations before the end of August, allowing a new regime to assume control for the new season.

Huang has offered support to new manager Roy Hodgson, and has also pledged funds to the Liverpool boss, while confirming he would remove the debt from the club and finance the build of a new stadium.

The Chinese investment expert would front a small consortium of super-wealthy businessman from his country, who are thought to be backed the state-sponsored sovereign investment fund.

http://www.mirrorfootball.co.uk/news/Liv...icle544295.html

this takeover is better than crack

Clearly Red4Life has had to much and is on a downer!

Don't like the sound of that Rhone Group, that bid would keep the fat yanks in power, no way that can be allowed to happpen.

i can trust ian ayre 100% and i think i can trust broughton because if the wrong deal was made he would take the majority of the flack and i doubt he would want to tarnish his reputation

purslow im undecided wether he'd do the right thing

remember broughton directly told the fans he would accept the best bid and i doubt he would go back on his word. i would like to think i have confidence in his word. i was told huang purposely refused to sign a confidentiality to promote his name and thats how it came about in the media even though there are other bids at the table we do not know about, i think his aim was to make us aware of the possibilities if he and his backers took over and get us all excited and its working. but they have to explore every avenue of this take over to make sure we dont end up any where near where we are today

A reported approach by a Chinese businessman, Jian-hua ‘Kenny’ Huang, to buy Liverpool is shrouded in confusion as sources in China and America have told sportingintelligence that he does not have the money to buy the club, that he declined to sign a confidentiality clause requested of all interested parties, and that “it is simply not plausible” that he can effectively strike a deal with RBS bank in order to take control.

Some reports have claimed that Huang is a billionaire and that he owns a 15 per cent stake in the Cleveland Cavaliers NBA basketball franchise.

In fact he is not a billionaire, and has never owned any shares in the Cavaliers, and there are no plans for him to own any in the future.

One source in China says: “Kenny has no capability of buying Liverpool.”

A different Chinese businessman, Albert Hung, made an offer to buy a stake in the Cavaliers more than a year ago, but even that deal hasn’t gone through.

“Kenny was never the main investor, nor in fact did he ever have any personal financial involvement in such a deal at all,” one source says.

Huang has a commercial connection with the Cavaliers as the middleman who introduced the Cavs to a beer company to do a sponsorship deal, but he has never owned any stake in any major sports franchise.

Huang owns a company in Hong Kong, QSL Sports Limited, which describes itself as a “sports investment company” but its simple website, which hasn’t been updated in several months, ceased working today, with users given the message: “The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit.”

QSL Sports Limited’s main interests to date have been in promoting China’s second-tier semi-professional basketball league (the NBL), and in promoting a new Chinese youth league in baseball (CYBL); baseball is still a fledgling sport in the country.

Until May this year, QSL’s co-founder and primary financial backer was a bona fide billionaire businessman, Adrian Cheng, whose family have been ranked by Forbes as the 112th richest family in the world, worth $7.7bn.

But Cheng and Huang parted company two months ago and a QSL statement at the time said: “QSL co-founder Mr. Adrian Cheng will no longer be involved in QSL’s businesses and development and its related charitable foundations. QSL will now be 100 per cent owned by Mr. Kenny Huang.”

Skeptical sources in China claim that Huang only came to prominence as a front man for an unnamed wealthy Hong Kong family within the past couple of years and that he no longer has that association.

Sources in London with an understanding of what Kenny Huang apparently hopes to achieve at Liverpool say he has offered to effectively buy Liverpool’s debt of £237m from RBS, cutting out any involvement in a formal bidding process being handled by Barclays Capital under the direction of Liverpool’s chairman Martin Broughton.

Yet even those close to Huang cannot explain how buying the debt from RBS would definitely hand him or his backers control of the club. One RBS source described as “absolute [oops]” the idea that RBS would unilaterally sell Liverpool’s debt to Huang or had been involved in advanced talks to do so.

The club’s American owners, Tom Hicks and George Gillett, owe RBS £237m as a result of what was effectively their leveraged buyout, and the pair have also subsequently leant Liverpool another £144m via a Cayman Islands branch of their Liverpool investment vehicle, according to accounts for the financial year ending summer 2009.

It has been claimed that Huang has the backing of an unnamed Asian sovereign wealth fund, which if true could put billions at his disposal. The operative words are “if true”.

If an Asian sovereign wealth fund wanted to buy Liverpool, why would it not go via conventional channels, namely BarCap and Broughton?

Why would it use Huang as a front man, when he has no previous history of sports deals on the scale of a Premier League football club?

Why would it let him effectively manage its funds?

These are all questions that may or may not be answered in the coming weeks.

Liverpool insiders at the highest level insist there are multiple interested parties involved in talks about buying the club and that a preferred bidder should emerge in due course, perhaps within a few weeks.

Due diligence on any bidder, and their ability to take to club forward, specifically in funding a new 60,000-plus seat stadium that could cost up to £400m “is of the utmost importance, now more than ever” one source said.

“There is formal process and BarCap runs it,” said another source. “You cannot simply go to RBS or Wachovia or Bank of America and try to do a unilateral deal because it won’t work and it won’t stack up.

“Mr Huang did not want to sign a confidentiality agreement and you have to ask why.”

A source who knows Huang well said: “Kenny is good at making deals, as in facilitating deals for other people. He would certainly be capable of bringing people together. But Kenny is also very, very good at promoting Kenny.”

This is from sportingintelligence make of it what you will there source says its absolute b@ll@cks which kind of discredits it but still thought id post it...

yea but its not huang whos bidding for the club as an individual, as far as im aware he is the front man and he has some very wealthy backers behind him.

as for the qsl website i dont know, how many liverpool fans are there? they tried to view it on the day his name came out, possibility it couldnt handle the bandwidth lol.

CIC are not mentioned in this article arent they the ones being suggested as government owned by sky sports in the interview with richard scudamoore?