Kenny Huang Is Confident Of Buying Liverpool In Next 10 Days

Chinese businessman Kenny Huang believes that his consortium have a chance of "about 50%" of winning control of Liverpool, with a deal expected as early as October.

Following weeks of intense speculation, the former Wall Street stockbroker has broken his silence in a rare interview in his homeland during which he confirmed that the Anfield board had accepted his group's proposals.

However Huang, 46, insisted that no bid has been submitted to chairman Martin Broughton, the club or its lenders and that the group had 'some way to go' before they would be able to table an offer for George Gillett and Tom Hicks' shares.

"Our interest in buying LFC has been recognised by the board," he said.

"At the same time, we have continued our work - researching and evaluating, the overall progress is good. However, there are quite a number of strong competitors. So there are still a lot of unknowns.

"We have put forward many proposals and we have the answer: the board has accepted our proposal and wish us to continue the process. We have a reply in less than 10 days.

"There is still some way to go. It was that we asked the board to let us know whether our proposal would be overall acceptable and the board has said yes."

Huang also revealed that investors from the Middle East and North America are battling against him in the race to takeover the club with any successful deals set to be finalised in October, when the Royal Bank of Scotland plan to recall Liverpool's £237million debt.

The Anfield board, including Gillett and Hicks, are expected to meet to discuss any potential offers on the table before Liverpool kick off their Barclays Premier League campaign with Arsenal this Sunday.