3 Aug 2010

Chinese businessman interested in Liverpool

5:07 pm on 3 August 2010

The Chinese businessman Kenny Huang has launched a bid to acquire control of English Premier League club Liverpool from its unpopular American owners.

Huang, a Guangdong-born US citizen who already has interests in Chinese baseball and US basketball, has approached Liverpool's major creditor the Royal Bank of Scotland as a first step to clinching a deal for the 18-times English champions.

He has offered to buy Liverpool's $514 million debt with RBS as part of a purchase deal for the club, who were put up for sale by US owners Tom Hicks and George Gillett in April.

Liverpool's owners instructed Barclays Capital to find a buyer for the club in April and appointed British Airways chief Martin Broughton as chairman to oversee the sale.