Huang makes Reds offer
Sky Sports News understands the Chinese tycoon Kenny Huang has tabled a formal offer to buy Liverpool.
Sources close to the deal say the bid is less than the club's reported net debt of ₤350million and Huang has financed the deal with a partner who is funded by a sovereign wealth fund in the Far East.
Huang's representatives are in talks with Royal Bank of Scotland and sources close to the businessman say his offer is extremely serious and there is a huge degree of urgency to complete the deal before the transfer window closes on 31st August.
Current owners Tom Hicks and George Gillett took over three years ago in a leveraged buyout and owe RBS nearly ₤240m.
Huang, who was first linked with a buyout at Liverpool two years ago, is head of QSL Sports Limited, a Hong Kong-based investment company.
Sources say one of the reasons he is attracted to Liverpool, who have been up for sale since April, is that he sees a commercial operation in the Far East.
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