Huang's 11-day ultimatum to Liverpool
Liverpool have 11 days to respond to a take-it-or-leave-it offer for the club made by the Chinese businessman who says he is backed by sovereign funds.
Though doubts remain about whether this bid or one of as many as five others will be successful, with the club’s investment bankers indicating a preferred bidder will be elected by next week.
Some critical details of Kenny Huang’s bid remain vague, including the precise nature of the Chinese state-owned investment funds which sources close to him claim will deliver the money.
It is also unclear whether the opposition from Liverpool co-owner George Gillett — which is probably shared by his partner at Anfield, Tom Hicks — to a bid which would see them make a loss on their investment, will prevent the Liverpool board from sanctioning them.
Huang has imposed a deadline of Friday week because he and his backers want enough time to give Roy Hodgson money to spend in the summer transfer market before it closes on September 1.
It appears that the club’s non-executive chairman Martin Broughton believes he can drive through a deal in face of opposition from Hicks and Gillett.
Hodgson received a boost yesterday with the season looming, when striker Fernando Torres indicated that he will stay at the club despite interest from Chelsea and Manchester City.