Liverpool consider chinese takeover
Premier League club Liverpool could be bought by a Chinese business tycoon within days, according to reports in London on Monday.sports Updated: Aug 03, 2010 01:19 IST
Premier League club Liverpool could be bought by a Chinese business tycoon within days, according to reports here on Monday.
Kenny Huang, head of Hong-Kong based investment company QSL Sports Ltd, is reported to be in talks with the Royal Bank of Scotland with the aim of taking full control of the club which has been up for sale since April.
“A deal has to be done before the transfer window closes (on 31 August),” a source close to Huang told BBC Sport.
“Huang has made a firm proposal. The club's board has to sanction the sale and it could be sewn up in days.”
Huang is offering to clear Liverpool's debt to RBS and hand new manager Roy Hodgson funds to do business in the transfer window.
The tycoon also plans to build the club a new stadium.