Chinese businessman Kenny Huang is set to give up on purchasing Liverpool as he is frustrated with the lack of progress his bid for the club is making.
With current Reds owners Tom Hicks and George Gillett looking to sell the club, Huang is one of the parties interested in buying, and submitted an offer for Liverpool.
The Liverpool board is verifying that each perspective owner has the funds they have offered and are deciding which bid they will accept, with the bidder that receives the majority of the votes getting control of the club.
According to The Guardian, Huang is growing impatient as he hoped to buy the club before the transfer season ends so that he can provide Reds boss Roy Hodgson with funds to strengthen the squad.
Frustrated with the fact that Liverpool has not made a decision on who will take over the team, Huang could now drop out of the running for the club if the Reds do not choose the winning bid soon.
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