Thursday, 5th August 2010

Potential Liverpool owner Kenneth Huang is reportedly being backed in his bid to take over the Premier League club by the CIC (China Investment Corporation), effectively the Chinese government’s investment arm.

Huang faces opposition from five other parties in his bid for control of Anfield, with one group, led by Syrian Yahya Kirdi claiming he is close to a deal with the club’s American owners.

The news that the CIC are behind Huang’s bid will no doubt make him the favoured option amongst the Liverpool supporters, especially given the fact that the Chinese would wipe out the club’s debt at a stroke. 

China’s Investment Corporation has more than $300 billion at its disposal to invest, and more than $2 trillion worth of currency. Should the group complete a deal for Liverpool, the club would no doubt be the wealthiest in world football.



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