Kenny Huang linked to Liverpool takeover

[majed504]

Hmmm, doesn't seem that solid!

 

It certainly isn't an official denial.

 

Beat me to it , but good on you spotting that.

[Guest davelfc]

Moore broke Liverpool football club

 

Moores did get a call just before he decided who to sell to, the caller was asking for 'lick pally' and Moores just put the phone down thinking it was a crank call.

 

The rest as they say is history.

[Guest Numero Veinticinco]

From FT.

 

China’s CIC denies interest in Liverpool FC

 

By Jamil Anderlini in Beijing and Justine Lau in Hong Kong

 

Published: August 5 2010 14:21 | Last updated: August 5 2010 14:21

 

Chinese fans may lament the low calibre of their domestic men’s football teams, but that does not mean the Chinese government would consider buying debt-laden Liverpool Football Club.

 

A spokesperson for China Investment Corp, the country’s main sovereign wealth fund, told the Financial Times on Thursday they had never heard of a plan to buy Liverpool or of Kenneth Huang, the man widely reported to be fronting a Chinese bid to buy the English Premier League club.

 

 

UK media have reported that Mr Huang, owner of a small sports marketing company with an office in Beijing, is bidding for the club with backing from CIC.

 

But Mr Huang himself issued a statement on Wednesday night saying that although he has registered interest in investing in Liverpool, he has not made a formal bid.

 

“There has been much speculation and commentary from a wide array of people, many of whom have little knowledge of the facts,” Mr Huang said.

 

A person who has worked closely with CIC said there was “no way” the fund would get involved in such a high-profile, symbolic and potentially risky deal.

 

“Next they’ll say CIC is going to buy Playboy,” this person said.

 

A person close to Mr Huang told the Financial Times on Monday that his bid was backed by a “sovereign wealth fund from the Far East” but declined to name the fund.

 

There had been no suggestion internally at Liverpool that CIC was involved in Mr Huang’s bid, another person close to the situation said.

 

Portrayed in the UK press as a Chinese billionaire tycoon, Mr Huang runs QSL Sports Limited, a sports marketing company that is trying to develop a new basketball league in China and promote Little League (youth) baseball in a country where most people know nothing about the sport.

 

QSL’s website says the company is based out of Hong Kong and located at a prestigious address. However, when the Financial Times visited the office there was no sign of QSL and the management company of the building said no company by that name rented an office there.

 

A person who answered the phone at QSL in Hong Kong at first said the company was still at the address listed on the website, but when told that the management company of the building had denied this, then said the company had moved and its new address was a secret.

 

At QSL’s small office in central Beijing, company employees were still unpacking boxes having recently moved from a much smaller office. A staff member said the company employed around 15 people in Beijing but he had not heard about a plan to buy Liverpool FC.

 

After repeated questions to Mr Huang’s spokeswoman, the office addresses were removed from QSL’s website on Thursday afternoon.

 

An official biography of Mr Huang says he is an investor in a Chinese basketball team and in 1988 became the first Chinese college graduate from mainland China to work at the New York Stock Exchange, where he “started his career in public relations”.

 

He also founded an investment company called Rocket Capital with Leslie Alexander, owner of the Houston Rockets basketball team, and has made a number of investments in Chinese companies. Mr Huang’s spokeswoman could not confirm whether he was still involved with Rocket Capital.

 

Fucking 'ell. Worrying, but listen, Broughton and Purslow are not idiots. Broughton won't be fooled by somebody. It's either legitimate, or is isn't. I can't see us being bought out by a joker with no office.

 

Just have to wait and see.

[Soleilrouge]

Quite fancy the Kuwait lads myself, I had a Free Kuwait sticker back in the early '90s.

 

bloody those kuwait stickets cost 10p over ehre

[grimble]

The thing is, as with any Chinese takeover, after a short while we'll all be feeling empty again and we'll want another.

[Silly season]

They where talking about buying messi. I don't want Messi, we will turn into city! Just want to be strong and competitive! Buy a few solid players and that's it!

 

Please don't turn our club into a joke!

[Xherdan]

Fucking 'ell. Worrying, but listen, Broughton and Purslow are not idiots. Broughton won't be fooled by somebody. It's either legitimate, or is isn't. I can't see us being bought out by a joker with no office.

 

Just have to wait and see.

 

 

 

That is the most worrying bit for me.

[bossy]

They where talking about buying messi. I don't want Messi, we will turn into city! Just want to be strong and competitive! Buy a few solid players and that's it!

 

Please don't turn our club into a joke!

 

Nicely random!

[Randy Marsh]

They where talking about buying messi. I don't want Messi, we will turn into city! Just want to be strong and competitive! Buy a few solid players and that's it!

 

Please don't turn our club into a joke!

 

I wouldn't say no like!

[diego]

Moore broke Liverpool football club

 

And then ATK and Dougie Dunkin Donuts had a cup of tea with him.

[col06]

No office eh I think some one is a bit desperate

[Ted]

 

Don't worry; I'm good with calculation...

[mattyq]

I disagree about changing our identity and ethos. It's the fans that provide that imo.

If we got a shiny new stadium then yeah there'll be a lot more corporates etc but it would mean that a lot of people who are on the ST list would get the chance to buy a ST. It would enhance our ethos but we would have to be very careful about heading down the road to cuntery already trod by the Chavs and Man shitty

[tobycatz]

I think we might be lucky to see even a fraction of the number you used even know what Liverpool is never mind have the spare money to waste on us.

 

But there's no doubt there's money to be made from this.

 

MIDDLE CLASS IN CHINA

 

There are between 100 million and 150 million people in the middle class. The Chinese middle class has grown at phenomenal rate since the end of the Mao era. The group didn't even exist in the 1970s and now it is comprised of 64 million people, according to a MasterCard survey in 2002. In the survey middle class was defined as a household earning more than $5,000 a year, a level regarded as high enough to buy a car or think about purchasing an apartment in China. The number in the middle class is expected to rise to 200 million in 2015.

 

Definitions of middle class vary. One marker is an income above $10,000. Others say it is a household that owns an apartment and a car, has enough money to eats out and take vacations and is familiar with foreign brands and ideas.

 

Some define middle class in China as people earning more than $3,000 a year. As of 2002, there were around 100 million Chinese who fit this description and their numbers were increasing at a rate of about 20 percent a year. The income of the he top 10 percent of urban dweller rose from around $1,200 a year in 1995 to $4,600 in 2005.

 

Less than 5 percent of the population earns that much. Only 15 million make more than $32,000 a year. Roughly 500,000 Chinese earn $64,000 a year or more, but it is hard to say for sure because hard figures are hard to come by. Among those that fall into this group are top bureaucrats, factory managers and land developers.

 

The Communist party has given its tacit approval to the emerging middle class as a positive aspect of modernization. Some outsiders see the creation of a middle class as a key step towards creating a democracy. See Democracy

 

The Chinese middle class perhaps has been the greatest beneficiary of China’s economic boom. Francis Fukuyama, professor of international studies at Johns Hopkins, wrote in the Japanese newspaper the Daily Yomiuri, In the years since Tiananmen Square, “ the Chinese middle class has been largely coopted by the regime, which allowed it to expand and get rich with extraordinary speed.”

 

Seems like they have a bit more cash to play with these days.

[Xherdan]

I cant believe the news just broke by Noos in the members forum. Im clocking off work early and heading to the pub.

 

WOOHOO

[ODZ]

I cant believe the news just broke by Noos in the members forum. Im clocking off work early and heading to the pub.

 

WOOHOO

 

What?

[JMARKH]

From FT.

 

China’s CIC denies interest in Liverpool FC

 

By Jamil Anderlini in Beijing and Justine Lau in Hong Kong

 

Published: August 5 2010 14:21 | Last updated: August 5 2010 14:21

 

Chinese fans may lament the low calibre of their domestic men’s football teams, but that does not mean the Chinese government would consider buying debt-laden Liverpool Football Club.

 

A spokesperson for China Investment Corp, the country’s main sovereign wealth fund, told the Financial Times on Thursday they had never heard of a plan to buy Liverpool or of Kenneth Huang, the man widely reported to be fronting a Chinese bid to buy the English Premier League club.

 

 

UK media have reported that Mr Huang, owner of a small sports marketing company with an office in Beijing, is bidding for the club with backing from CIC.

 

But Mr Huang himself issued a statement on Wednesday night saying that although he has registered interest in investing in Liverpool, he has not made a formal bid.

 

“There has been much speculation and commentary from a wide array of people, many of whom have little knowledge of the facts,” Mr Huang said.

 

A person who has worked closely with CIC said there was “no way” the fund would get involved in such a high-profile, symbolic and potentially risky deal.

 

“Next they’ll say CIC is going to buy Playboy,” this person said.

 

A person close to Mr Huang told the Financial Times on Monday that his bid was backed by a “sovereign wealth fund from the Far East” but declined to name the fund.

 

There had been no suggestion internally at Liverpool that CIC was involved in Mr Huang’s bid, another person close to the situation said.

 

Portrayed in the UK press as a Chinese billionaire tycoon, Mr Huang runs QSL Sports Limited, a sports marketing company that is trying to develop a new basketball league in China and promote Little League (youth) baseball in a country where most people know nothing about the sport.

 

QSL’s website says the company is based out of Hong Kong and located at a prestigious address. However, when the Financial Times visited the office there was no sign of QSL and the management company of the building said no company by that name rented an office there.

 

A person who answered the phone at QSL in Hong Kong at first said the company was still at the address listed on the website, but when told that the management company of the building had denied this, then said the company had moved and its new address was a secret.

 

At QSL’s small office in central Beijing, company employees were still unpacking boxes having recently moved from a much smaller office. A staff member said the company employed around 15 people in Beijing but he had not heard about a plan to buy Liverpool FC.

 

After repeated questions to Mr Huang’s spokeswoman, the office addresses were removed from QSL’s website on Thursday afternoon.

 

An official biography of Mr Huang says he is an investor in a Chinese basketball team and in 1988 became the first Chinese college graduate from mainland China to work at the New York Stock Exchange, where he “started his career in public relations”.

 

He also founded an investment company called Rocket Capital with Leslie Alexander, owner of the Houston Rockets basketball team, and has made a number of investments in Chinese companies. Mr Huang’s spokeswoman could not confirm whether he was still involved with Rocket Capital.

 

Tom Cannon said that on the radio.

[CrouchieBoy]

not sure if its been posted yet, but in response to a question from a reader about the statement going around that CIC weren't backing Huang, TB had this to say

 

Hello Pete, that's not the situation as I understand it having communicated with Huang's representatives in the last hour. I stand to be corrected if there is other information available though.

[col06]

bensmith_times

 

# To clarify we have been told Huang may issue a statement on #lfc later today, although we have no idea what information it might contain 19 minutes ago

 

# @JayMcKenna87 We're standing by our story, I'll leave it at that. We are expecting Huang to issue a statement later today, though. 32 minutes ago

[2pak]

Tom Cannon said that on the radio.

Yeah, he was quoting that FT article.

[RedEagle]

It seems like the FT articles quotes are just Tom Cannon's regurgitated.

[WaltonRed]

If Cannon is the source in the FT article then its a load of shit

[Wor Horse]

I'd trust sports journalists over the FT. What would they know about a person's interest in a sports team?

 

You don't know who the Yanks have got under their pay roll, i'd take TB's word as he's spoken directly to Huang.

 

We'll find out soon enough anyway as a statement is due within the hour from Kenny.

[col06]

Tom Cannon said that on the radio.

 

Oh no not him again

[jamespp]

They where talking about buying messi. I don't want Messi, we will turn into city! Just want to be strong and competitive! Buy a few solid players and that's it!

 

Please don't turn our club into a joke!

 

But isnt that a David Moores 1990s/early 2000s type era again, buy a few 'solid players' and be competitive, back to where we started

why wouldnt you want Messi?