Source: Telegraph
Kenny Huang shows impatience as his Liverpool offer stutters along
Sources at Anfield have suggested as many as five bids were submitted in time to meet Broughton's deadline for offers last Friday, but of those only Huang has thus far confirmed he is in talks with the club over a potential takeover.[LNB]But the Chinese entrepreneur is believed to be unimpressed by the slow progress of negotiations over his proposed £400 million bid to buy out current owners Tom Hicks and George Gillett despite offering Broughton and Barclays Capital, the bank appointed in April to oversee the sale process, all the documentation required to complete a Memorandum of Sale.[LNB] Related ArticlesMascherano can only go for £25mLiverpool must win their battle to oust Tom Hicks and George GillettCole deification pure fantasyLiverpool sign Brad JonesJoe Cole faces driving banJoe Cole guilty of speeding at more than 100mphChecks carried out by the club on the provenance of Huang's funding have returned positive results and sources have confirmed that his offer is being taken seriously by Liverpool, Barcap and the Royal Bank of Scotland, who hold the £237 million of bank debt placed on the Anfield side by the current regime.[LNB]Huang had initially hoped to conclude a deal in time to offer manager Roy Hodgson substantial funds in the summer transfer window, though that now appears a remote possibility. [LNB]Huang admitted last week he was only '50 per cent' confident of succeeding with his bid. [LNB]Though Hicks and Gillett agreed to a full sale under pressure from RBS and advised by Michael Klein, the former Citigroup executive, after rejecting an investment offer from the Rhone Group six months ago, it has since emerged an attempt to refinance their debt with other lenders was blocked only by a legal challenge from their own board. [LNB]
