Liverpool Set for Potential £237m Takeover: Chinese Tycoon Ready to Pay Off Massive Debt

Will Anfield owners accept offer?

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Mr George Gillett and Tom Hicks Co Chairman share a joke before the start of the Match Liverpool 2008/09 Liverpool V Arsenal (4-4) 21/04/09 The Premier League Photo Robin Parker Fotosports International

Chinese billionaire Kenneth Huang has made an offer to the Royal Bank of Scotland to buy Liverpool’s £237m debt and oust owners George Gillet and Tom Hicks.

Liverpool takeover ‘stepped up’ as Kenny Huang enters talks with RBS

The battle for ownership of Liverpool has returned to the spotlight with reports that the Chinese tycoon Kenny Huang is in negotiations with Royal Bank of Scotland to take control of the club.

Huang, who is partnered by one of the biggest sovereign wealth funds in the Far East, is determined to seize control before the transfer window closes at the end of the month, according to the Times.

The current owners, the Americans Tom Hicks and George Gillett, took over little more than three years ago but put the club up for sale in April and appointed Martin Broughton, the British Airways chairman, to oversee any deal.

Huang was first linked with a buyout at Liverpool two years ago. Sources close to the businessman have reportedly said that he is keen to complete a deal so that the manager, Roy Hodgson, can be given extra funds to sign much-needed players this month. (Guardian)

This could well be a spot of good news for Liverpool fans. The issue of a potential takeover appeared to wane but the reported interest coming from Chinese billionaire Kenneth Huang may well have some mileage. Roy Hodgson is having to work within a tight budget as he looks to push the Anfield side back towards the top four, maybe a new owner will mean more funds and perhaps a more stable future for the Merseyside outfit?

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