More takeover confusion as China deny talks

Liverpool’s ownership saga continues today with the news that the state-funded China Investment Coporation have denied that they are in talks to buy the club.

Reports in the last day had suggested that Chinese businessman Kenny Huang was leading a consortium fronted by the investment arm of the Chinese government, but this has now been denied.

Huang is now thought to have only received investment from Hong Kong based investors, rather than mainland China. However a formal offer has not yet been made.

The Financial Times reports that a spokesperson for the CIC has completely ruled out such a risky investment.

Liverpool are thought to have several parties interested in 100% purchase of the club, a deal hoping to be done in the next few days.

It is understood that current owners George Gillett and Tom Hicks will not stand in the way of chairman Martin Broughton’s recommendation over new suitors for the club.