English Premiership

Liverpool deal falls through

2010-08-21 07:00
Kenny Huang (file)

Liverpool - Chinese businessman Kenny Huang on Friday ruled himself out of the running to buy English Premier League club Liverpool.

Huang said in a statement that he and his Hong Kong-based investment company QSL Sports were pulling out of takeover talks with the Anfield club without giving the reasons behind the decision.

"Over the past few months we learned first-hand that Liverpool has a very special place in the hearts of millions of fans around the world," Huang said.

"We concluded that a plan that properly capitalises the business and provides funds for a new stadium and player-related costs would allow Liverpool FC to provide its great fans with the success they deserve.

"Our strategy and unique ability to expand the fanbase in Asia would also have been of benefit to all. We regret that we will not have the opportunity to implement this strategy."

He added: "We thank the many Liverpool fans who expressed support for our efforts and wish the club great success in the years to come.

"I am now considering my future options and will be making no further comment at this time."

Huang was the first party to openly declare an interest in buying the club from Americans Tom Hicks and George Gillett. He refused to comment when it was claimed his bid was backed by the Chinese government.

He was reportedly keen to secure an early agreement to give manager Roy Hodgson time to bring in reinforcements before the end of the transfer window and was ready to acquire the club's 237-million-pound debt.

NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Sport Talk

Fixtures
20 April 2014
Norwich City v Liverpool, Carrow Road 13:00
Hull City v Arsenal, The KC Stadium 15:05
Everton v Manchester United, Goodison Park 17:10
21 April 2014
Manchester City v West Bromwich Albion, Etihad Stadium 21:00
26 April 2014
Southampton v Everton, St. Mary's Stadium 13:45
Stoke City v Tottenham Hotspur, Britannia Stadium 16:00
Fulham v Hull City, Craven Cottage 16:00
Swansea City v Aston Villa, Liberty Stadium 16:00
West Bromwich Albion v West Ham United, The Hawthorns 16:00
Manchester United v Norwich City, Old Trafford 18:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Which team do you think will win the English Premiership?

 
 
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured Blog

The stock of Bulls and Sharks 2014 Super Rugby jerseys are slowly becoming available after the festive season break, writes blogger Baylion.

Latest blogs
 

Twitter Follow Sport24 on Twitter

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

Blogs Yes your opinion counts. Get it out there

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

Facebook "Like" Sport24's Facebook page

TV schedule Plan your couch time with our searchable sport TV guide

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.