Huang pulls out of Reds running
Hong Kong businessman Kenny Huang has withdrawn his interest in buying Liverpool.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."