More Liverpool take-over chat.

Chinese businessman Kenny Huang is one of "several" potential buyers to submit a bid to Liverpool chairman Martin Broughton, BBC Sport understands.

Huang, who is the head of Hong Kong-based investment company QSL Sports Ltd, values the club at about £350m.

But it is understood that as many as six bids were submitted last week.

Broughton and investment bank Barclays Capital, who are leading the sale, will elect a preferred bidder by the end of next week.

if liverpool do get taken over by the chinese, a bit of this at the ground




and some connected chants, would make the games unbroadcastable in china

Oh but you are wrong, Axl. ;D

China fund raises finance to match Liverpool asking price



he Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger 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.

In a series of trades since 19 July, CIC has sold $558m of shares in Morgan Stanley, equating to £351.4m. That sum is equivalent to Liverpool's debt to the nearest decimal place, and is exactly the number insiders say has been quoted to interested parties as the sale price.

www.guardian.co.uk/sport/2010/aug/05/china-liverpool-ownership-fund

tick tock tick tock

from the FT

"A spokesperson for China Investment Corp, the country’s main sovereign wealth fund, told the Financial Times on Thursday they had never heard of a plan to buy Liverpool or of Kenneth Huang, the man widely reported to be fronting a Chinese bid to buy the English Premier League club.

A person who answered the phone at QSL in Hong Kong at first said the company was still at the address listed on the website, but when told that the management company of the building had denied this, then said the company had moved and its new address was a secret.

At QSL’s small office in central Beijing, company employees were still unpacking boxes having recently moved from a much smaller office. A staff member said the company employed around 15 people in Beijing but he had not heard about a plan to buy Liverpool FC.

After repeated questions to Mr Huang’s spokeswoman, the office addresses were removed from QSL’s website on Thursday afternoon."

the whole thing is a fake.

I don't know if it's been posted here before, but there was something in the paper today about a Canadian wanting to take over Liverpool and build a new stadium and all that shit. I'm sure it will never happen though.

Ganis and Huang will make 'substantial money' available to Liverpool
• The club 'will be at or near the top in spending on players'
• Gillett and Hicks unable to block takeover if board approves



Kenny Huang has delivered an outline takeover proposal to Liverpool's chairman, Martin Broughton, pledging to erase the club's debt, build a new stadium and to provide significant funding for player transfers.

Marc Ganis, Huang's long-term associate and a sports consultant who lives in Chicago, today confirmed that he made contact with the Liverpool board on Monday on behalf of the Hong Kong-based investment vehicle, QSL Sports.

"We haven't submitted a formal proposal but we submitted the broad parameters of what a proposal would look like to see if it would be welcomed, and it was," said Ganis. Preparing to fund the deal, as revealed by the Guardian yesterday, is the China Investment Corporation, as a "passive investor".

Ganis promised that substantial money would be available to the club. "Liverpool is and always should be one of the highest-spending clubs in all of football," he said. "And our financial models presume Liverpool will be at or near the top in spending on players every year."

Also involved in QSL alongside Huang and Ganis is Guang Yang, a senior investment-fund manager with Franklin Templeton. Huang and Yang would oversee the day-to-day operations at the club. However, Ganis reassured fans that the current executive structure, led by the managing director, Christian Purslow, and the commercial director, Ian Ayre, would remain in place.

"From what we have seen from afar, many of the people currently running Liverpool are doing a good job," said Ganis. "There shouldn't be an expectation there would be a mass upheaval if we submit and are approved."

However, a deal would see the departure of Tom Hicks and George Gillett. The pair are known to believe the club is worth £800m but Huang's consortium will not stretch beyond repayment of the loans they have invested in the club, and would provide no value for their shareholdings.

"What is not one of our goals is the enrichment of the existing owners," Ganis said. "If we submit a proposal and it is accepted, it would be focused on the future and not the past. If anybody wants to [pay for the Hicks/Gillett shares], good luck. We know what we would be prepared to do. If somebody else wants to look at it in a different way, it's their money. That would be their business, not ours."

There will be little Hicks and Gillett can do about that. It is Broughton and his co-directors Ayre and Purslow who hold sway in the takeover battle surrounding the Anfield club. Although Hicks and Gillett remain on the board, under the terms of the latest refinancing agreement on Liverpool's £237m loan with Royal Bank of Scotland, they cannot determine who takes over if Broughton, Ayre and Purslow vote en bloc in favour of any particular bidder.

Since their principal motivation is the future stability of the club, Ganis and Huang thus made great play of the potential for huge revenue growth if the club taps in to the Chinese market, which QSL would be uniquely well-placed to achieve.

From The Guardian.

some reaction from liverpool fans to the takeover:

"This is surely the news every Liverpool supporter wants to hear and it looks like finally, Liverpool FC may be starting the journey back to the top of English football.
Stevo1973"

news.bbc.co.uk/sport1/hi/football/6335845.stm

i don't see how the news that Purslow may keep his job is "reassuring" to Liverpool fans, Most want him out because he's a two-faced lying cunt.

He was also only supposed to be a temporary appointment as far as i know.

Seriously, when will they learn?

ShareLFC are fucking pathetic and SOS are a joke.

EVERTONIANS FOR A FREE TIBET is in full swing, i suggested on bluekipper yesterday that the chinese takeover might have some implications enabling us to both CAMPAIGN FOR A FREE TIBET and cause a bit of mischief (any show of support for tibet at liverpool matches could potentially make those games impossible to broadcast live in china) few lads have ran with it and apparently the various free tibet campaigns are already on the ball, one of them wrote back pointing out that actually alan hansen has done a lot of work for them in the past.

could get interesting.

fucking hell

Could you lot be any more obsessed with Liverpool?

I dont think the oppression of tibet is something for you to laugh about.

i'm laughing at the unbridled obsession shown by you lot. It's utterly hilarious that you lot spend so much time thinking "how can we wind up the redshite?!"

Yet, you don't see how embarrassing it is for you.

if its not a wind up, thats why tibet campaigning groups are getting involved. while you're getting excited about getting money from a dodgy regime in whose country 900 million people live in poverty just so you can win a few more football matches we're talking about human rights. while you're writing about evertonian obsession we're talking about the possibilty of getting demonstrations about human rights in tibet on live chinese tv for the first time in history.