Kenny Huang linked to Liverpool takeover

[ngogswilly]

I reckon Hicks and Gillette would love partial investment. Get somebody in to fund the team and stadium and those cunts sit back and laugh. Dont know if its possible but I'd imagine if it is they would be trying their hardest to make it happen even if they have said they want a full sale.

 

Christ from reading on other forums, "IF" Huang is representing the Investment Arm of the Chinese Government. Then there is a ridiculous amount of money behind him.

 

I'm going to bet its probably the best imaginable outcome for us but somehow we'll get screwed out of it. We'll end up with some other cunt that probably used to own Pompey or something. :wallbutt:

[Chinandeler Bong]

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

 

Does that mean Investment as opposed to full sale ?

[Eljeficito]

Sorry mate, no it wasn't me. What is Mr Magoos?

 

A well known brothel other the water mate was only takin the piss!

[Kopite Pete]

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

 

Does that mean Investment as opposed to full sale ?

 

I think it means they walk away with a profit. Im not too sure.

[torres09]

This is from MB mouth.

It still remains the objective to conclude a deal before the end of the transfer window," Broughton told the Guardian tonight. "That remains the objective but there are no deadlines, and we will continue working to complete the process."

 

Broughton conceded that 31 August is "a very important date" for fans and some Liverpool players. Torres is highly coveted – both Manchester City and Chelsea are reportedly on alert – but such is the Spaniard's stature that his departure would affect the valuation of the club in one bidder's case, at least.

 

The apparent existence of multiple bidders means that the club's US co-owners, George Gillett and Tom Hicks, could end up making a significant profit from their controversial three-year tenure at Anfield. However, the pair will not have the final say in who may take over.

 

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

[Coro]

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

 

Does that mean Investment as opposed to full sale ?

 

We'll owe money to either CIC or whoever Purslow may rustle up rather than RBS.

 

How did the Corinthians sale pan out?

[Randy Marsh]

A well known brothel other the water mate was only takin the piss!

 

Errrrr ye ok mate. Where are you from when you say "over the water"?

[Eljeficito]

Errrrr ye ok mate. Where are you from when you say "over the water"?

 

Erm over the water is a term used in liverpool for anyone from the wirral. We're seperated by the Mersey you see mate hence the term over the water.

[Il Fenomeno]

Is Bluemoon a Crewe Alexandra forum?

[StevieH]

Global interest in the auction of Liverpool Football Club intensified on Monday with prospective bidders emerging from Hong Kong and the Middle East.

 

Chinese sports entrepreneur Kenneth Huang has made an approach to Liverpool’s bankers Royal Bank of Scotland and US-based Wachovia seeking support for a deal, according to people close to the situation.

 

Mr Huang, chairman of Hong Kong-based QSL Sports, also has approached Martin Broughton, the Liverpool chairman, over a deal.

 

Separately, the Kuwait-based al-Kharafi family is also looking at deal and have also been in contact with Mr Broughton and Barclays Capital, the investment bank advising the club’s owners Tom Hicks and George Gillett on a sale, one person familiar with the matter said.

 

However, the club declined to comment on potential bidders.

 

Mr Huang is interested in buying the club direct or gaining control by buying the £234m of debt that Mr Hicks and Mr Gillett, both American businessmen, owe to RBS and Wachovia, one of the people close to the situation said.

 

Such an offer would be considerably below the £800m valuation Mr Hicks, an American business, has placed on the club at a press conference earlier this year.

 

However, spokesperson from RBS said that the bank was not in contact with any bidder regarding Liverpool.

 

RBS, which owns most of the £234m debt, has extended the owners’ credit facility until October. However, Mr Huang is keen to have a sale finalised before the August 31 player transfer deadline, a person familar with the matter said.

 

Originally from the southern Chinese province of Guangdong, Mr Huang owns a 15 per cent stake in Cleveland Cavaliers, the US basketball team, and has a stake in Northeast Tigers, its Chinese counterpart.

 

The Kuwait-based Al-Kharafi family, headed by the industrialist patriarch Nasser Al-Kharafi, is more familiar with the Liverpool saga. A former student in Liverpool, Mr Kharafi previously tried and failed to buy the club in 2008 and again last year. He owns Al-Kharafi & Sons, a diversified conglomerate.

 

Mr Gillett and Mr Hicks, who have repeatedly rowed over the management of Liverpool, have signed a legal document giving Mr Broughton a casting vote on all board issues, including the planned sale, according to people familar with the matter.

 

In its latest full year results released in May, the club’s pre-tax losses had ballooned from £40.9m to £54.9m. Its total net debt was £351m.

[Randy Marsh]

Erm over the water is a term used in liverpool for anyone from the wirral. We're seperated by the Mersey you see mate hence the term over the water.

 

Yer I'm aware of that mate. Sorry, just don't really get the "joke" you've made given that I don't actually know who you are, care to explain?

[Liquid football]

Probably shouldn't even be letting myself think about this yet but if we were to get bought out by someone fairly wealthy, i'd hope Hodgson was given a decent chance.

[Kennys_spell]

None of the mystery bidders have said a dickie bird.

 

Why would they?

[Kopite Pete]

Just to dampen the mood.

 

A reported approach by a Chinese businessman, Jian-hua ‘Kenny’ Huang, to buy Liverpool is shrouded in confusion as sources in China and America have told sportingintelligence that he does not have the money to buy the club, that he declined to sign a confidentiality clause requested of all interested parties, and that “it is simply not plausible” that he can effectively strike a deal with RBS bank in order to take control.

 

Some reports have claimed that Huang is a billionaire and that he owns a 15 per cent stake in the Cleveland Cavaliers NBA basketball franchise.

 

In fact he is not a billionaire, and has never owned any shares in the Cavaliers, and there are no plans for him to own any in the future.

 

One source in China says: “Kenny has no capability of buying Liverpool.”

 

A different Chinese businessman, Albert Hung, made an offer to buy a stake in the Cavaliers more than a year ago, but even that deal hasn’t gone through.

 

“Kenny was never the main investor, nor in fact did he ever have any personal financial involvement in such a deal at all,” one source says.

 

Huang has a commercial connection with the Cavaliers as the middleman who introduced the Cavs to a beer company to do a sponsorship deal, but he has never owned any stake in any major sports franchise.

 

Huang owns a company in Hong Kong, QSL Sports Limited, which describes itself as a “sports investment company” but its simple website, which hasn’t been updated in several months, ceased working today, with users given the message: “The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit.”

 

QSL Sports Limited’s main interests to date have been in promoting China’s second-tier semi-professional basketball league (the NBL), and in promoting a new Chinese youth league in baseball (CYBL); baseball is still a fledgling sport in the country.

 

Until May this year, QSL’s co-founder and primary financial backer was a bona fide billionaire businessman, Adrian Cheng, whose family have been ranked by Forbes as the 112th richest family in the world, worth $7.7bn.

 

But Cheng and Huang parted company two months ago and a QSL statement at the time said: “QSL co-founder Mr. Adrian Cheng will no longer be involved in QSL’s businesses and development and its related charitable foundations. QSL will now be 100 per cent owned by Mr. Kenny Huang.”

 

Skeptical sources in China claim that Huang only came to prominence as a front man for an unnamed wealthy Hong Kong family within the past couple of years and that he no longer has that association.

 

Sources in London with an understanding of what Kenny Huang apparently hopes to achieve at Liverpool say he has offered to effectively buy Liverpool’s debt of £237m from RBS, cutting out any involvement in a formal bidding process being handled by Barclays Capital under the direction of Liverpool’s chairman Martin Broughton.

 

Yet even those close to Huang cannot explain how buying the debt from RBS would definitely hand him or his backers control of the club. One RBS source described as “absolute bollocks” the idea that RBS would unilaterally sell Liverpool’s debt to Huang or had been involved in advanced talks to do so.

 

The club’s American owners, Tom Hicks and George Gillett, owe RBS £237m as a result of what was effectively their leveraged buyout, and the pair have also subsequently leant Liverpool another £144m via a Cayman Islands branch of their Liverpool investment vehicle, according to accounts for the financial year ending summer 2009.

 

It has been claimed that Huang has the backing of an unnamed Asian sovereign wealth fund, which if true could put billions at his disposal. The operative words are “if true”.

 

If an Asian sovereign wealth fund wanted to buy Liverpool, why would it not go via conventional channels, namely BarCap and Broughton?

 

Why would it use Huang as a front man, when he has no previous history of sports deals on the scale of a Premier League football club?

 

Why would it let him effectively manage its funds?

 

These are all questions that may or may not be answered in the coming weeks.

 

Liverpool insiders at the highest level insist there are multiple interested parties involved in talks about buying the club and that a preferred bidder should emerge in due course, perhaps within a few weeks.

 

Due diligence on any bidder, and their ability to take to club forward, specifically in funding a new 60,000-plus seat stadium that could cost up to £400m “is of the utmost importance, now more than ever” one source said.

 

“There is formal process and BarCap runs it,” said another source. “You cannot simply go to RBS or Wachovia or Bank of America and try to do a unilateral deal because it won’t work and it won’t stack up.

 

“Mr Huang did not want to sign a confidentiality agreement and you have to ask why.”

 

A source who knows Huang well said: “Kenny is good at making deals, as in facilitating deals for other people. He would certainly be capable of bringing people together. But Kenny is also very, very good at promoting Kenny.”

[Eljeficito]

Yer I'm aware of that mate. Sorry, just don't really get the "joke" you've made given that I don't actually know who you are, care to explain?

 

Christ lad bit touchy aren't we just thought i'd make a joke seeing as you sent me a friend request. Simmer down hardman no offence intended.

[ngogswilly]

Hmmm i wonder if Mr.Huang is a bullshitter.

[hamstrung]

. One RBS source described as “absolute bollocks” the idea that RBS would unilaterally sell Liverpool’s debt to Huang or had been involved in advanced talks to do so.

 

Can someone translate this baffling management gobbledygook?

[Randy Marsh]

Christ lad bit touchy aren't we just thought i'd make a joke seeing as you sent me a friend request. Simmer down hardman no offence intended.

 

Really confused now. I'm going to leave it there if you don't mind, can only think you've confused me for someone else. Cheers.

[Maldini]

Just to dampen the mood.

 

A reported approach by a Chinese businessman, Jian-hua ‘Kenny’ Huang, to buy Liverpool is shrouded in confusion as sources in China and America have told sportingintelligence that he does not have the money to buy the club, that he declined to sign a confidentiality clause requested of all interested parties, and that “it is simply not plausible” that he can effectively strike a deal with RBS bank in order to take control.

 

Some reports have claimed that Huang is a billionaire and that he owns a 15 per cent stake in the Cleveland Cavaliers NBA basketball franchise.

 

In fact he is not a billionaire, and has never owned any shares in the Cavaliers, and there are no plans for him to own any in the future.

 

One source in China says: “Kenny has no capability of buying Liverpool.”

 

A different Chinese businessman, Albert Hung, made an offer to buy a stake in the Cavaliers more than a year ago, but even that deal hasn’t gone through.

 

“Kenny was never the main investor, nor in fact did he ever have any personal financial involvement in such a deal at all,” one source says.

 

Huang has a commercial connection with the Cavaliers as the middleman who introduced the Cavs to a beer company to do a sponsorship deal, but he has never owned any stake in any major sports franchise.

 

Huang owns a company in Hong Kong, QSL Sports Limited, which describes itself as a “sports investment company” but its simple website, which hasn’t been updated in several months, ceased working today, with users given the message: “The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit.”

 

QSL Sports Limited’s main interests to date have been in promoting China’s second-tier semi-professional basketball league (the NBL), and in promoting a new Chinese youth league in baseball (CYBL); baseball is still a fledgling sport in the country.

 

Until May this year, QSL’s co-founder and primary financial backer was a bona fide billionaire businessman, Adrian Cheng, whose family have been ranked by Forbes as the 112th richest family in the world, worth $7.7bn.

 

But Cheng and Huang parted company two months ago and a QSL statement at the time said: “QSL co-founder Mr. Adrian Cheng will no longer be involved in QSL’s businesses and development and its related charitable foundations. QSL will now be 100 per cent owned by Mr. Kenny Huang.”

 

Skeptical sources in China claim that Huang only came to prominence as a front man for an unnamed wealthy Hong Kong family within the past couple of years and that he no longer has that association.

 

Sources in London with an understanding of what Kenny Huang apparently hopes to achieve at Liverpool say he has offered to effectively buy Liverpool’s debt of £237m from RBS, cutting out any involvement in a formal bidding process being handled by Barclays Capital under the direction of Liverpool’s chairman Martin Broughton.

 

Yet even those close to Huang cannot explain how buying the debt from RBS would definitely hand him or his backers control of the club. One RBS source described as “absolute bollocks” the idea that RBS would unilaterally sell Liverpool’s debt to Huang or had been involved in advanced talks to do so.

 

The club’s American owners, Tom Hicks and George Gillett, owe RBS £237m as a result of what was effectively their leveraged buyout, and the pair have also subsequently leant Liverpool another £144m via a Cayman Islands branch of their Liverpool investment vehicle, according to accounts for the financial year ending summer 2009.

 

It has been claimed that Huang has the backing of an unnamed Asian sovereign wealth fund, which if true could put billions at his disposal. The operative words are “if true”.

 

If an Asian sovereign wealth fund wanted to buy Liverpool, why would it not go via conventional channels, namely BarCap and Broughton?

 

Why would it use Huang as a front man, when he has no previous history of sports deals on the scale of a Premier League football club?

 

Why would it let him effectively manage its funds?

 

These are all questions that may or may not be answered in the coming weeks.

 

Liverpool insiders at the highest level insist there are multiple interested parties involved in talks about buying the club and that a preferred bidder should emerge in due course, perhaps within a few weeks.

 

Due diligence on any bidder, and their ability to take to club forward, specifically in funding a new 60,000-plus seat stadium that could cost up to £400m “is of the utmost importance, now more than ever” one source said.

 

“There is formal process and BarCap runs it,” said another source. “You cannot simply go to RBS or Wachovia or Bank of America and try to do a unilateral deal because it won’t work and it won’t stack up.

 

“Mr Huang did not want to sign a confidentiality agreement and you have to ask why.”

 

A source who knows Huang well said: “Kenny is good at making deals, as in facilitating deals for other people. He would certainly be capable of bringing people together. But Kenny is also very, very good at promoting Kenny.”

 

Nobody ever said HE had the money, all the articles say he is the front for a group

[Torvald Utne]

Christ lad bit touchy aren't we just thought i'd make a joke seeing as you sent me a friend request. Simmer down hardman no offence intended.

 

Think you're reading a bit too much into his post there, and to be fair you did make a strange comment that didn't really make any sense.

[Chinandeler Bong]

Poster on YNWA says that the Huang deal was all but done last thursday until GG threw a spanner in the works with the Kirdi geezer, which BarCap have to consider by law.

 

The same guy who said that Kenny had met with Pellegrini.

[Horus]

Can someone translate this baffling management gobbledygook?

 

I think it means that after some serious thinking outside the box trying to make sure everyone is on the same page, he's decided to run it up the flagpole to see if anyone salutes it.

[Pidge]

I think it means that after some serious thinking outside the box trying to make sure everyone is on the same page, he's decided to run it up the flagpole to see if anyone salutes it.

 

That's some serious blue-sky thinking.

[torres09]

Just to dampen the mood.

 

A reported approach by a Chinese businessman, Jian-hua ‘Kenny’ Huang, to buy Liverpool is shrouded in confusion as sources in China and America have told sportingintelligence that he does not have the money to buy the club, that he declined to sign a confidentiality clause requested of all interested parties, and that “it is simply not plausible” that he can effectively strike a deal with RBS bank in order to take control.

 

Some reports have claimed that Huang is a billionaire and that he owns a 15 per cent stake in the Cleveland Cavaliers NBA basketball franchise.

 

In fact he is not a billionaire, and has never owned any shares in the Cavaliers, and there are no plans for him to own any in the future.

 

One source in China says: “Kenny has no capability of buying Liverpool.”

 

A different Chinese businessman, Albert Hung, made an offer to buy a stake in the Cavaliers more than a year ago, but even that deal hasn’t gone through.

 

“Kenny was never the main investor, nor in fact did he ever have any personal financial involvement in such a deal at all,” one source says.

 

Huang has a commercial connection with the Cavaliers as the middleman who introduced the Cavs to a beer company to do a sponsorship deal, but he has never owned any stake in any major sports franchise.

 

Huang owns a company in Hong Kong, QSL Sports Limited, which describes itself as a “sports investment company” but its simple website, which hasn’t been updated in several months, ceased working today, with users given the message: “The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit.”

 

QSL Sports Limited’s main interests to date have been in promoting China’s second-tier semi-professional basketball league (the NBL), and in promoting a new Chinese youth league in baseball (CYBL); baseball is still a fledgling sport in the country.

 

Until May this year, QSL’s co-founder and primary financial backer was a bona fide billionaire businessman, Adrian Cheng, whose family have been ranked by Forbes as the 112th richest family in the world, worth $7.7bn.

 

But Cheng and Huang parted company two months ago and a QSL statement at the time said: “QSL co-founder Mr. Adrian Cheng will no longer be involved in QSL’s businesses and development and its related charitable foundations. QSL will now be 100 per cent owned by Mr. Kenny Huang.”

 

Skeptical sources in China claim that Huang only came to prominence as a front man for an unnamed wealthy Hong Kong family within the past couple of years and that he no longer has that association.

 

Sources in London with an understanding of what Kenny Huang apparently hopes to achieve at Liverpool say he has offered to effectively buy Liverpool’s debt of £237m from RBS, cutting out any involvement in a formal bidding process being handled by Barclays Capital under the direction of Liverpool’s chairman Martin Broughton.

 

Yet even those close to Huang cannot explain how buying the debt from RBS would definitely hand him or his backers control of the club. One RBS source described as “absolute bollocks” the idea that RBS would unilaterally sell Liverpool’s debt to Huang or had been involved in advanced talks to do so.

 

The club’s American owners, Tom Hicks and George Gillett, owe RBS £237m as a result of what was effectively their leveraged buyout, and the pair have also subsequently leant Liverpool another £144m via a Cayman Islands branch of their Liverpool investment vehicle, according to accounts for the financial year ending summer 2009.

 

It has been claimed that Huang has the backing of an unnamed Asian sovereign wealth fund, which if true could put billions at his disposal. The operative words are “if true”.

 

If an Asian sovereign wealth fund wanted to buy Liverpool, why would it not go via conventional channels, namely BarCap and Broughton?

 

Why would it use Huang as a front man, when he has no previous history of sports deals on the scale of a Premier League football club?

 

Why would it let him effectively manage its funds?

 

These are all questions that may or may not be answered in the coming weeks.

 

Liverpool insiders at the highest level insist there are multiple interested parties involved in talks about buying the club and that a preferred bidder should emerge in due course, perhaps within a few weeks.

 

Due diligence on any bidder, and their ability to take to club forward, specifically in funding a new 60,000-plus seat stadium that could cost up to £400m “is of the utmost importance, now more than ever” one source said.

 

“There is formal process and BarCap runs it,” said another source. “You cannot simply go to RBS or Wachovia or Bank of America and try to do a unilateral deal because it won’t work and it won’t stack up.

 

“Mr Huang did not want to sign a confidentiality agreement and you have to ask why.”

 

A source who knows Huang well said: “Kenny is good at making deals, as in facilitating deals for other people. He would certainly be capable of bringing people together. But Kenny is also very, very good at promoting Kenny.”

 

Kenny really is just there to be a head man of the group hes in.

 

The money will come from other people in the group.

[Guest ShoePiss]

Why would they?

 

Read the dialogue between me and the other poster if you really want to understand the conversation I was having with him, don't snip my post and then ask me to explain it.