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Page last updated at 06:11 GMT, Friday, 6 August 2010 07:11 UK

Kenny Huang confirms he has bid to buy Liverpool

Liverpool fans
A preferred bidder will be selected by Liverpool next week

Hong Kong businessman Kenny Huang has confirmed he has bid to buy Liverpool but has refused to comment on reports that China's government is involved.

It has been suggested that Huang is being backed by the state-funded China Investment Corporation (CIC).

But a source close to CIC told BBC Sport a link with Huang's QSL Sports Ltd would be "highly unlikely".

Huang's bid is one of at least three for the Premier League club, with all of them coming from foreign investors.

On Wednesday, Syrian businessman Yahya Kirdi said his consortium was in the "final stage of negotiation".

Current owners George Gillett and Tom Hicks put the club on the market in April, with Liverpool's main creditor the Royal Bank of Scotland owed about £237m.

Martin Broughton was brought in as chairman to oversee the sale process and along with investment bank Barclays Capital, will elect a preferred bidder by the end of next week.

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Former New York stock broker Huang admitted his interest on Wednesday and is thought to value the club at about £325m.

Reports on Thursday had suggested Huang's interest in Liverpool is backed by CIC, an investment arm of the Chinese Government, which also owns a stake in Canary Wharf.

Kirdi's group of Canadian and Middle East investors claims it has agreed terms with Gillett and Hicks and is negotiating a purchase agreement with the Americans.

Kirdi, who is now a Canadian resident, said: "Agreement has been reached on all major terms including the purchase price, repayment of the existing bank debt and financing of a new stadium in Liverpool's Stanley Park.

"A formal purchase agreement between the parties is in the final stage of negotiation."

Kirdi promised that if the consortium was successful in its bid, money would be made available to Liverpool manager Roy Hodgson.

He added: "With additional money to improve the squad and financing in place to build the new stadium, LFC will be on a solid foundation to compete in the Premiership and in Europe for years to come."

Meanwhile, Hodgson has distanced himself from the off-field matters saying: "I don't get involved, I leave it to the people who know what they are doing."

Hodgson's team sealed a 4-0 aggregate win over Macedonia's Rabotnicki at Anfield on Thursday in the Europa League third qualifying round.

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see also
League monitoring Liverpool sale
03 Aug 10 |  Liverpool
Liverpool consider 'several' bids
02 Aug 10 |  Liverpool
Striker Torres committed to Reds
03 Aug 10 |  Liverpool
Football on the BBC
11 Aug 10 |  Football

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Liverpool Echo Liverpool FC sale: Club wants formal bids to be made - 34 mins ago
Yahoo! India Liverpool bid welcomed, say Investors - 2 hrs ago
Pretoria NewsInvestors not out to enrich Gillett, Hicks - 2 hrs ago
Observer Liverpool sent Huang takeover proposal - 4 hrs ago
Economic Times Investors say Liverpool bid welcomed - 4 hrs ago
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