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Liverpool return to talks with Kenny Huang

Liverpool have returned to previously interested parties about reviving takeover talks.

The News of the World says the New York-based private equity firm Rhone offered £110m for a 40 per cent stake last March.

BarCap have also made fresh contact with Chinese investor Kenny Huang to see if his bid can be resurrected and the ruling family of the United Arab Emirates maintain an interest.

Liverpool are also generating takeover interest from the Middle East.

The main issue does not seem to be a lack of buyers, but a lack of willingness to meet the asking price.

Tom Hicks now accepts his £600m valuation is not likely but he and George Gillett will not drop to £300m.

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