Kenny Huang backs out of Liverpool takeover race
The Liverpool takeover saga by the Hong Kong based club has officially been called off. Kenny Huang, the chairman of the Business group, has finally said that he is ruling himself out of the race to buy the club.
There was an official statement offered by Huang on Friday on behalf of his company QSL, it said that the company is pulling out of the race of buying Liverpool and would not pursue the matter anymore.
The official statement did not identify the reasons behind the pull out, as there were strong speculations that QSL was close to taking over at Anfield. There were serious talks and negotiations underway between Liverpool Co Owners and QSL but somehow they broke down all of a sudden.
As soon as news emerged that a wealthy business group from Hong Kong was interested in buying Liverpool, there was enormous joy and a sense of celebration among Liverpool fans all around the world. Ever since the American businessmen Tom Hicks and George Gillette took over the club there has been a lot of talk of the American duo having problems between them, and that affected the club in more than one ways. Fans have been repeatedly protesting against the club owners and have wanted them to leave.
Huang in his statement went on to say that he was approached by Liverpool fans from across the world who showed great admiration and joy. He said that he appreciates all the love and support but also apologises that they will not be able to buy out the club, and wish the club and the fans all the best. He said that QSL is currently considering its future options and for now do not have anything else to say on the matter.
Although Huang in his statement did not reveal the reasons behind the pull out, there are still number of theories about why it actually happened.
It is believed that Huang had become very frustrated by the attitude of Liverpool Chairman Martin Broughton and the two American owners towards the negotiations. It is said that Huang had submitted concrete proof of his funding and there was actually no reason for Liverpool to delay the takeover.
Huang was believed to be the only real bidder for Liverpool, and there was a great chance that it was actually going to happen in favour of him. Nevertheless, due to the continuous delay and improper response from Anfield he decided to pull out.
Earlier this week, Christian Purslow, the managing director of Liverpool had said that there were number of offers to buy the club, and they are considering every one with great detail.
The bid that was made by Huang to buy Liverpool from Hicks and Gillette is believed to be worth 325 million pounds.
As soon as Huang made his bid to take over Liverpool public, there was interest from a consortium fronted by Syrian businessman, Yahya Kirdi.
After the announcement by Huang of making a bid to take over the club, there was immense interest from fans all over because he also said that he would clear all the debts of the club. He also assured that manager Roy Hodgson would have great amount of funds available for the summer transfer window. The debts of Liverpool for now are believed to be worth 351.4 million pounds.
Tags: