Saturday, August 7, 2010

Likely Chinese owners plan to make Liverpool highest-spending club

Liverpool’s would be Chinese owners are planning to turn the club into the biggest spenders on the planet.
Marc Ganis, whose Sportscorp company has helped form a group of Chinese investors, has outlined the four main objectives which will be formally made to Liverpool bosses shortly.

Ganis has revealed they are pledging to remove all the club’s debt, build the long-awaited new stadium, take the Asian market by storm and invest heavily in top-class playing talent.

“Liverpool should be one of the highest-spending clubs. Our financial models presume they will be at or near the top in spending on players every year,” The Sun quoted Ganis, as saying.

“We haven’t submitted a formal proposal but we submitted the broad parameters to see if it would be welcomed - and it was,” he said.

The Chinese bid is fronted by QSL Sports Ltd and headed by Kenny Huang and Guang Yang. If successful, they would be the only owners involved in the running of the club.

India’s richest man Mukesh Ambani and billionaire businessman Subrata Roy are also in the race to buy Liverpool.

The Indian business tycoons tabled their bid for Liverpool nine months after failing to buy a 51 per cent share in the Anfield outfit.

They join at least four other interested buyers including Chinese businessman Kenny Huang, who has already held talks about buying Liverpool’s 237 million pounds debt off the Royal Bank of Scotland.

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