In my article last week I mulled over the (then) current situation on the ownership of Liverpool football club and asked the question ‘why has it all gone quiet’? How things can change in just a week.
We now have Kuwaitis here, Chinese businessmen there and apparently a Syrian who has maintained (since April in fact) that he is close to agreeing a full takeover.
The latest story to come out involves Huang and where his money is coming from.
According to reports the Chinese Government are backing the bid from Kenneth Huang to buy Liverpool FC. The Telegraph reports:
“Liverpool could effectively come under the control of the Chinese government after it emerged last night that the bid for the club from sports entrepreneur Kenneth Huang has the backing of China Investment Corporation, the sovereign wealth fund to the communist state Were a deal to be completed – and it was reported last night that CIC had traded $558 million of shares since July 19 in readiness to pay off Liverpool’s debt – Huang would be subject to the Premier League’s new Owners and Directors Test, which has replaced the Fit and Proper Persons Test. There are no indications that Huang would fail the new test’s criteria, which objectively assesses a potential buyer’s finances. CIC, which was set up in 2007 to be responsible for managing part of China’s foreign exchange reserves and also has a stake in Canary Wharf, has assets of around $332 billion to spend abroad and has stockpiled around $2?trillion of currency.”
Every story that comes out at the moment should be taken with a BAG full of salt. I hope that a deal can be done before August 31st but the cork will stay firmly in my champagne until Mr Broughton makes a full announcement.
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God, every single post on this website these days is negative.
The chaos and confusion is created by the media, liverpool havent come out and said any of these things, so for Liverpool nothing has changed, just the way the press is interpreting it.
and i dont think 3 or 4 competiting investors is a bad thing so why portray is negatively in the headline.
Why doesn’t Robbie Fowler sell all his houses and buy us instead ?
totally agree, no point in getting carried away until contracts are signed and proof of the dough made public! roy certainly isn’t going overboard, hence his pursuit of crap like poulsen! don’t undo your good start by signing this muppet roy, flamini is a far superior option!
The problem isn’t with the club, it’s the media who don’t know what’s happening so are making up stories. When an article has phrases like it’s emerged…and it was reported, what they actually mean is that we no nothing different from everyone but hey it’s helps us to sell papers if we try to look like we’re in the know