Huang silent on takeover reports

05 August 2010 12:00
Prospective new Liverpool owner Kenny Huang has refused to comment on claims his buy-out is backed by the Chinese government. Reports have suggested Huang is fronting a bid for China Investment Corporation (CIC), the Chinese government's sovereign wealth fund which manages a £188billion portfolio. However, Huang's representatives are remaining tight-liapped on where their money is coming from. "We will not confirm or deny any matter in relation to the Liverpool Football Club unless and until we and the representatives of Liverpool FC have chosen to do so jointly," said a spokesman for the Hong Kong-based businessman.

Source: PA