Kenny Huang could complete Liverpool buyout this week
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Kenny Huang could complete Liverpool buyout this week
Liverpool could change owners as early as this week, it has been revealed.
BBC Sport reports Liverpool could be bought by Chinese business tycoon Kenny Huang within days.
Huang, head of Hong Kong-based investment company QSL Sports Ltd, wants to take full control of the Reds, who have been up for sale since April.
"A deal has to be done before the transfer window closes [on 31 August]," a source close to Huang told BBC Sport.
"Huang has made a firm proposal. The club's board has to sanction the sale and it could be sewn up in days."
Huang has been talking for several weeks to representatives of the Royal Bank of Scotland, with the aim of taking full control of the Premier League club.
RBS are Liverpool's main creditors, owed about £237m by American co-owners Tom Hicks and George Gillett.
"Kenny is the only serious bidder interested in the club and he's optimistic," added the source.
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Kenny Huang makes offer for Liverpool
Chinese businessman Kenny Huang has made an offer for Liverpool.
PA Sport says Huang hopes to force Liverpool co-owners Tom Hicks and George Gillett to finally sell up after making an offer to buy the debts of the club's major creditor Royal Bank of Scotland.
It is understood Huang, head of Hong Kong-based investment company QSL Sports Ltd, has been in talks with RBS for some time over repaying the £237million owed to them by the Reds.
Huang's advisors bypassed Liverpool's independent chairman Martin Broughton, brought in to oversee proceedings when Hicks and Gillett announced their decision to sell in April, in order to have a better bargaining position.
Buying RBS's debts would not give Huang immediate ownership of Liverpool but would, according to sources, afford him "a ridiculously large amount of leverage".
Such a deal would see the current owners leave the club without making any profit, having previously valued Liverpool at between £600million and £800million.