Sunday, April 25, 2010

Potential buyer wants Rafa to stay put

Chinese businessman Kenneth Huang has confirmed he is in buyout talks with Liverpool.

Huang, a former Wall Street broker who has a huge portfolio of investment interests in Hong Kong and the United States, is at the head of a consortium interested in ending the ownership deadlock at Anfield.

He has claimed he has been granted access to the club’s accounts by Tom Hicks and George Gillett and that he expects a deal to be in place within the next two months.

Huang, who is working alongside business partner Adrian Cheng on the deal, said: “Negotiations have taken place over the last few months and we are at a crucial stage.

“I really hope it turns out to be a successful bid. Right now my audit team is examining the books and my legal team is in close contact with theirs. We have a fierce competitor in the Middle East, but it could be finalised in June.”

He added: “I was first approached (to buy Liverpool) in 2008 when I was in Singapore attending a Formula One Grand Prix, but the asking price was 1billion US dollars.

“It was totally unreasonable so I turned it down. The asking price has dropped significantly and we are talking again."

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