Kenny Huang is ready to walk away from plans to buy out Liverpool. The Guardian says Huang, the Chinese businessman attempting to buy Liverpool, is believed to be growing frustrated at the lack of progress in his attempt to gain control of the club from Tom Hicks and George Gillett.
Huang is one of several interested parties who submitted an offer for Liverpool ahead of last Friday's deadline, and the Anfield board is now verifying proof of funding and identifying its preferred bidder. The board will then determine who purchases the club from Hicks and Gillett on a majority vote.
The entrepreneur, however, is anxious to complete a deal in advance of the transfer window closing so he can provide Roy Hodgson, the manager, with significant funds for squad improvement.
Though Hodgson has made it clear he would not rush into any extravagant deals in the wake of a sudden transfer windfall, Huang is said to be frustrated that a decision has not been reached by Liverpool.
