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October 28, 2020

Premier League: Chinese government ‘behind Liverpool bid’

Sports entrepreneur Kenny Huang`s bid to buy out Liverpool has the backing of the Chinese government, according to reports quoted by Eurosport.

Huang, who is battling with a number of other bidders for the purchase of the Anfield club, is backed by the China Investment Corporation, the sovereign wealth fund to the communist state. The Merseyside club would become the second Premier League outfit to be owned by a foreign state after Manchester City, who were taken over by Sheikh Mansour of Abu Dhabi just under two years ago. Its management and board are directly answerable to the country’s communist government and its board of directors is influenced by the Ministry of Finance. Indian billionaires Mukesh Ambani and Subrata Roy have also been linked with a bid for the club. On the other hand syrian businessman Yahya Kirdi is pressing to secure the purchase of Liverpool before the start of the Premier League season, and is hoping to hold face-to-face talks with Liverpool chairman Martin Broughton and owners George Gillett and Tom Hicks next week. Kirdi’s proposal has been overshadowed this week by Kenneth Huang’s Chinese government-backed bid for the club, but on Wednesday Kurdi announced he was in advanced negotiations with Hicks and Gillett and had agreed a price.

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