23 Aug 2010Tycoon 'blames chairman for Liverpool bid failure'

Football Clubs News | Football Finance News

Chinese entrepreneur Kenny Huang has reportedly singled out Liverpool chairman Martin Broughton as the reason his recent takeover bid ended in failure.

According to the Daily Telegraph, although Huang was considered a genuine bidder by the football club's board of directors, he is believed to have been concerned that 11th-hour bids could have been heard by Liverpool even if a sale had been agreed.

Sources close to the 46-year-old insist his personal finances had been double checked by the Royal Bank of Scotland - to which arrears of £237 million are owed - and Barclays Capital, which was drafted in to oversee a sale.

Huang pulled out of negotiations last week, thanking Liverpool's football fans for their support and expressing regret that the buyout will not now go ahead.

"Our strategy and unique ability to expand the fanbase in Asia would also have been of benefit to all," he said in a statement. "We regret that we will not have the opportunity to implement this strategy."

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Written by Mark Thompson

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