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Bank denies in talks over Liverpool deal
By Wang Xiang |
August 3, 2010, Tuesday
|
Online Edition
Online Edition
THE prospect of a Chinese business tycoon's offering to buy the debt of Liverpool FC is still unclear as the club's major creditor, Royal Bank of Scotland, denied that it was in talks over the deal.
It was reported on Monday that Chinese businessman Kenny Huang has approached the bank over buying Liverpool's debt worthing 237 million pound from the bank so that he can get a controling stakes of the Premier League club. The debt is due at the end of October.
But Huang said the takeover attempt is in progress. He told Shanghai-based Xinmin Evening News that he "can not leak a word before the bid is a success."
Under the current laws, the bank is not allowed to bypass Liverpool's current American owners Tom Hicks and George Gillett Jr. to talk on the deal with Huang.
Hicks and Gillett said they wanted 600 million pounds to give up the club. They bought it in February 2007 for 218.9 million pounds.
It was reported on Monday that Chinese businessman Kenny Huang has approached the bank over buying Liverpool's debt worthing 237 million pound from the bank so that he can get a controling stakes of the Premier League club. The debt is due at the end of October.
But Huang said the takeover attempt is in progress. He told Shanghai-based Xinmin Evening News that he "can not leak a word before the bid is a success."
Under the current laws, the bank is not allowed to bypass Liverpool's current American owners Tom Hicks and George Gillett Jr. to talk on the deal with Huang.
Hicks and Gillett said they wanted 600 million pounds to give up the club. They bought it in February 2007 for 218.9 million pounds.
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