Football

Huang pulls out of Reds running

Published Add your comment

Football News
24/7

Hong Kong businessman Kenny Huang has withdrawn his interest in buying Liverpool.

Huang issued a statement this evening to say he and his company QSL Sports were pulling out of takeover talks with the Anfield club.

Huang was the first party to openly declare and interest in buying the Merseysiders from Americans Tom Hicks and George Gillett, but refused to comment when it was claimed his bid was backed by the Chinese government. The statement presented no reason for Huang's decision to pull out of negotiations.

Huang said: "Over the past few months we learned first-hand that Liverpool has a very special place in the hearts of millions of fans around the world.

"We concluded that a plan that properly capitalises the business and provides funds for a new stadium and player-related costs would allow Liverpool FC to provide its great fans with the success they deserve.

"Our strategy and unique ability to expand the fanbase in Asia would also have been of benefit to all.

"We regret that we will not have the opportunity to implement this strategy.

"We thank the many Liverpool fans who expressed support for our efforts and wish the club great success in the years to come. I am now considering my future options and will be making no further comment at this time."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Football
Premier League
Liverpool

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again