Reds sale edges closer

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Football News

The future of Liverpool remains under the control of the board and could be decided by the end of this month, chairman Martin Broughton has said.

Chinese businessman Kenny Huang on Monday expressed his interest in assuming control of Liverpool, but the head of Hong Kong-based investment company QSL Sports Ltd represents one of "several" parties hoping to take over the Reds from Tom Hicks and George Gillett.

Broughton, who was brought in to oversee the sale process, told the Guardian: "It still remains the objective to conclude a deal before the end of the transfer window. That remains the objective but there are no deadlines, and we will continue working to complete the process."

He added: "Both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings (Liverpool's UK parent company) is the party that is responsible for the sale."

It had been suggested Huang would seek to acquire the club's £237million debt from the Royal Bank of Scotland in an effort to gain financial control.

Broughton insisted the board remain in control.

"Any bids that go straight to RBS - and there have been several - come to me and are directed to Barcap (Barclays Capital)," he said.

"RBS are not involved. The control remains with the board."

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

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