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Wall Street Journal reported on Monday that Hong Kong businessman Kenny Huang will buy Liverpool Football Club. But hours later, the Royal Bank of Scotland, the club's main creditors, denied the deal.
Early reports stated Kenny Huang, the executive of Chinese sports investment company QSL, was in negotiations to buy Liverpool Football Club in a takeover bid that would place the club under Chinese ownership. The bid would leave the current owners, Tom Hicks and George Gillett, without profit on their original investment. Hicks and Gillett were looking for 600 million pounds in April.
But following a refinancing deal put in place earlier this year, RBS is able to take control of the sale if it feels it will offer the best chance of repaying its loan. Huang has apparently made a direct offer to repay the 237 million pound debt.