Friday, August 13, 2010

Liverpool Frustrated With Public Posturing Of Potential Buyers

Liverpool's hierarchy is becoming increasingly frustrated with the way in which potential buyers of the club are conducting themselves in the media, according to a report from The Independent.

The investment bankers seeking to sell the club are understood to be annoyed at interested parties trying to win a public relations battle rather than work towards a deal.

Martin Broughton, the Liverpool chairman, is believed to concur and has been irritated by the public remarks of interested parties.

One bid is being put together by Syrian businessman Yahya Kirdi, who has insisted that he "is not a cowboy" and that he has not made an offer of £600 million for the Reds.

"I can't pay one pound more than value of Liverpool," said the man whose bid is reportedly backed by "big names" from Canada and the Middle East.

The names of those involved have not been revealed, with Kirdi claiming that they wish to remain anonymous until the situation is resolved.

With the Liverpool board scheduled to meet at Anfield on Wednesday, there is still no evidence that any bids for the club will have been tabled by that time.

Meanwhile, another potential buyer, Hong Kong businessman Kenny Huang, has found his bid mired in controversy.

Following accusations this week that the bid would be backed by the China Investment Corporation, the Chinese state’s sovereign wealth arm, The Daily Telegraph also reports that Huang was the subject of lawsuit in the United States from a former business partner.

The case took place in Florida in 1999, with Huang, who at the time was a resident of Las Vegas, ordered to pay damages of $750,000 (£473,000) along with interest £788,300 (£497,000)

A spokesman for Huang has reportedly confirmed to The Telegraph that the case took place but refused to reveal the nature of the dispute or the business venture.

US Court records apparently list Huang as being involved in several other legal disputes over the last few years, though his representatives have been at pains to stress that he had not been found liable and that there are no outstanding proceedings against him.

The New York investment house the Rhone Group and the Kuwaiti Al-Kharifi family are also reported as potential buyers of the club.

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