Publications
Partners
Liverpool - Chinese tycoon Kenny Huang is in negotiations with Liverpool's main creditors, the Royal Bank of Scotland (RBS), to take over the English Premiership club.
According to UK newspaper The Independent, Huang is understood to be backed by Chinese state-owned investment funds and would guarantee the repayment of most of the debt to RBS, which have the prerogative to force a sale. RBS is owed £237 million.
However, the club co-owners, the North Americans Tom Hicks and George Gillett, might not be receptive to a bid that would not get near their £600-800 million valuation of the club.
Gillett is said to have introduced former Syria international Yahya Kirdi, who heads an Arab consortium, to senior officials at Liverpool and RBS as his preferred bidder.
The owners are believed to be trying to buy time until they can persuade Kirdi to up his initial offer of £400 million.
According to UK newspaper The Independent, Huang is understood to be backed by Chinese state-owned investment funds and would guarantee the repayment of most of the debt to RBS, which have the prerogative to force a sale. RBS is owed £237 million.
However, the club co-owners, the North Americans Tom Hicks and George Gillett, might not be receptive to a bid that would not get near their £600-800 million valuation of the club.
Gillett is said to have introduced former Syria international Yahya Kirdi, who heads an Arab consortium, to senior officials at Liverpool and RBS as his preferred bidder.
The owners are believed to be trying to buy time until they can persuade Kirdi to up his initial offer of £400 million.
