Chinese tycoon Kenny Huang enters talks about buying out Liverpool

Chinese tycoon Kenny Huang is planning to buy into Liverpool.
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Chinese tycoon Kenny Huang is planning to buy into Liverpool.

The Daily Mail says Huang is in negotiation with the Royal Bank of Scotland to take control of Liverpool.

Kenny Huang, partnered by one of the biggest sovereign wealth funds in the Far East, wants to take over the reins from Tom Hicks and George Gillett by the end of the transfer window.

Huang approached key figures at Anfield last month in an attempt to avert a summer exodus of players.

Hicks and Gillett took over three years ago in a leveraged buyout and owe RBS about £237million.

Hicks has consistently quoted an asking price of £800m but business analysts deem this unrealistic, saying £325m is 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 the club's debt. Liverpool manager Roy Hodgson would be given funds to add to his squad.

As well as generating revenue, Huang plans to build a new stadium as quickly as possible.

 
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