Belfast Telegraph

Huang plans to invest heavily

Chinese businessman Kenny Huang has pledged to invest heavily in Liverpool should his ownership bid succeed.

The head of Hong Kong-based investment company QSL Sports Ltd has been in talks with Royal Bank of Scotland for some time over buying out the Reds' £237million debt. That would give him "a ridiculously large amount of leverage", a source told Press Association Sport, in order to be able to force out unpopular owners Tom Hicks and George Gillett.

But the spending would not stop there as Huang, whose interest is described as "remarkably serious", is keen to get a deal done in order to be able to furnish manager Roy Hodgson with money to spend in this month's transfer window.

In addition, he will also turn his attention to finally getting Liverpool's new 60,000-seater stadium built in Stanley Park after three years of inertia.

"He wants to get it done quickly so investment can come this summer," said a source close to the bid.

"Liverpool need investment in the playing squad and infrastructure and Huang wants to build the stadium.

"The club has an outstanding reputation but does not have the infrastructure to keep with it and make it grow."

Huang is backed by one of the wealthiest investment funds in the Far East and is well known in China for his interests in baseball and basketball, last year buying a 15% stake in American NBA side Cleveland Cavaliers.

He was first linked with a buy-out at Liverpool two years ago but believes now is the time to make his move.

Huang is making all the right noises to get supporters on board but, although the majority will be delighted to see the back of Hicks and Gillett, the fans will be wary of grandiose promises.

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