Chinese businessman Kenneth Huang has moved to deny reports he has launched a formal takeover bid for Liverpool.
The entrepreneur was believed to be ready to offer to pay the club's £237 million debt and go up to £320m to wrest control from current Tom Hicks and George Gillett. Chairman Martin Broughton confirmed yesterday up to six interested parties were in the race to buy the Anfield outfit, but Mr. Huang was believed to be the most advanced.
In a statement released to Sky Sports News, the 46-year old's representatives moved to distance himself from these reports.
It read: "In response to widespread media reports that Kenny Huang had made a formal bid for Liverpool Football Club, Mr. Huang would like to emphasize that he has registered interest in investing in Liverpool FC but has made no formal bid.
"There has been much speculation and commentary from a wide array of people, many of whom have little knowledge of the facts.
"Unless there is a statement that specifically comes from Mr. Huang or his authorized representatives, which presently is solely Hill & Knowlton Hong Kong office, we would suggest such comments should be given little credence.
"At this point in time there is nothing further for Mr. Huang to announce. If there comes a time where this changes, we will make the appropriate announcements."
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