Enormous cash boost expected following the successful sale of Liverpool Football Club

31 July 2010 | Posted in Sports Properties, Soccer | By Tom Love

Liverpool Football Club could be set for an enormous change of fortunes after it was reported that Chinese businessman Kenny Huang, head of QSL Sports Limited, a Hong Kong-based investment company, has shown a renewed interest in acquiring the Liverpool outright.

A source close to the bid has said that Huang intends to invest heavily in Liverpool should his bid succeed and is eager to complete the deal as soon as possible in order to allow manager Roy Hodgson to spend money before this month's transfer window closes.

Additionally he is expected to turn his attention to completing Liverpool's new 60,000-seater stadium in Stanley Park.

"He wants to get it done quickly so investment can come this summer," said a source close to the bid. “Liverpool need investment in the playing squad and infrastructure and Huang wants to build the stadium. The club has an outstanding reputation but does not have the infrastructure to keep with it and make it grow."

According to The Independent, Huang, who is believed to be backed by Chinese state-owned investment, is in negotiations with Liverpool Football Club's main creditors, the Royal Bank of Scotland (RBS), who are owned GB£237 million and have the ability to force a sale of the English Premier League club.

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Huang, who earlier this year bought a 15 per cent stake in the NBA's Cleveland Cavaliers and was first linked to the sale of Liverpool Football Club two years ago, has so far made no official announcement, but has appointed a media relations firm to represent him regarding "his interest in Liverpool Football Club."

Liverpool Football Club co-owners, Tom Hicks and George Gillet, had previously valued the club at GB£600-800 million.

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