Huang 50% confident of LFC deal

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Kenneth Huang, the Chinese investor heading a consortium to buy Liverpool FC, says he is 50% confident their bid will be successful.

Speaking to the Chinese magazine Love Basketball, Huang says their proposal has been recognised by the Liverpool board but there are a number of strong competitors.

Huang said “Our competitors are strong, and we do not have enough experience, especially we need to understand more on the big teams’ relationship with the media in the UK. Also we are not well prepared enough on the triangular relationship between the shareholders, debtors and the Board. We still have a lot to do, and we do not have a great advantage as it was reported. We still have a lot to learn and review.”

Asked who those competitors are, Huang explained “From Middle East and from North America. The Indians have withdrawn.”

“I feel everyone has a chance. Every bidder would feel they have an advantage so it is hard to say we are in the lead. We shall strengthen our communication with the Board and the Bank.”

Huang’s consortium face competition from the bid of Yahya Kirdi, whose bid is reportedly backed by members the ruling al-Qasimi family of Sharjah.

The Liverpool board are expected to meet before Sunday’s match with Arsenal to discuss the proposals they have received.

Any takeover of the club isn’t expected to be completed until October.