Wednesday, August 4, 2010

Liverpool to become the wealthiest club?

Kenny Huang has told the Liverpool board that he is being backed by China's largest sovereign fund in a bid to step up his pursuit of the club.

As revealed by Click Liverpool on Monday, the former Wall Street stockbroker has now confirmed to Anfield chiefs, including chairman Martin Broughton, that his benefactors are the China Investment Corporation (CIC).

Huang issued a statement earlier today distancing himself from any bids for Liverpool with the investment arm, who have assets worth $332billion (£208bn), keen to tie up a deal in principal before the end of the month away from the media spotlight.

The Chinese businessman confirmed his interest in Liverpool but has yet to provide proof of CIC's funding to the board of Kop Holdings - the club's parent company before they can be considered as serious contenders to succeed George Gillett and Tom Hicks as owners.

Meanwhile Yahya Kirdi, another of six potential investors, has followed up his claims this morning that talks with the American duo are at an advanced stage by outlining his plans for a new stadium if negotiations are successful.

Speaking from his home in Canada the former Syrian footballer, who is a long-standing friend of Gillett's son Foster, has claimed that he will build a five-star hotel and a shopping centre on the proposed site in Stanley Park despite being dismissed earlier this year as a serious bidder.

"I want to build Liverpool," he said.

"I have a new plan which I have given George Gillett.

"This one is not only a stadium but also a stadium and hotel, five-star, and shopping centre."

British Airways chiief Broughton was installed as chairman of the Premier League outfit in April as part of plans by Barclays Capital to overlook the sale process and remains committed to accepting the 'right bid', ideally before the close of the transfer window on September 1.

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