Former Wall Street broker Kenneth Huang is believed to be in talks with RBS over buying Liverpool FC, according to reports tonight.
The Times reports that Huang is backed by one of the largest sovereign wealth funds in the Far East and is determined to gain control of the club before the transfer window close at the end of the month.
Anfield Road website writes:
Huang will not be relying on his own wealth for the deal and for the backing of the club in what it needs to get back on track, but he is determined to prevent the current management from allowing the club to go any further off course as he tries to close the deal. The Times report that he has already approached key figures at Anfield to try and prevent an exodus of players. Fernando Torres is named as a player requested not to make a decision on his future ahead of this potential takeover.
Huang was linked with a bid for the Club in April, when he was quoted as saying:
“Negotiations have taken place over the last few months and we are at a crucial stage. I really hope it turns out to be a successful bid. Right now my audit team is examining the books and my legal team is in close contact with theirs. We have a fierce competitor in the Middle East, but it could be finalised in June.”