Liverpool Open Discussions With Chinese Businessman Huang
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Liverpool have edged closer to a change of ownership following an opening of discussions with the Premier League, according to The Telegraph.
The discussions comply with new regulations stating the Premier League should be given 10 days notice of any proposed change of ownership for thorough assessment of any proposal.
Liverpool have been approached by Chinese businessman Kenneth Huang, QSJ Sports chairman, to take full control of the club, and the Premier League will need to be provided with proof of Huang’s financial backing and capabilities before any sale can be made official.
Liverpool chairman Martin Broughton is thought to be keen to finalise a deal before the ending to this summer’s transfer window, but Huang’s offer is some way off the valuation set by Liverpool’s current owners, Tom Hicks and George Gillett.
However, the Liverpool board are within their right to overrule the possible rejection of Huang’s purchase by the current owners, a reported approach worth £300 million, should they deem the sale as appropriate for Liverpool’s immediate future.
