The news on the sale of Liverpool Football Club was spreading like wildfire. The press has came out with a least six possible bidders. But so far, only two genuine bidders has logged in a bid.
Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed that the China Investment Corporation, the sovereign-wealth fund to the world’s most populous nation, is the organisation being fronted by Huang, who yesterday admitted interest in bidding for Liverpool.
Yesterday’s news has suggested that the Syrian businessman had reached an agreement and confirmed today that his group is in advanced negotiations with Thomas Hicks and George Gillett, co-owners of Liverpool football club, to purchase 100% of the club.
Will China Investment Corporation upped their bids?
It also indicates that despite the ambitions of the Anfield club’s chairman, Martin Broughton, to generate a return for Tom Hicks and George Gillett, China is refusing to reward them for their three-and-a half-year ownership of the club. The Americans’ capacity to dictate terms is further reduced by the fact that there are few other credible bidders preparing to compete with Huang and CIC besides the Syrian’s consortium.
Both bidders has promised to wiped the current debt of over £325million, funding a new stadium at Stanley Park and bolster the current playing squad.
What do you think of those two bidders? Will their promises ends up like the Americans or will they bring back the stability of Liverpool Football Club and compete with the wealthy clubs in the Premier League?
This story has been reproduced from the media. It does not necessarily represent the position of Liverpool Football Club.
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