The Real Truth Behind Fake Kenny Huang Bid

“Kenny is good at making deals, as in facilitating deals for other people. He would certainly be capable of bringing people together. But Kenny is also very, very good at promoting Kenny.”

This is a quote from a source close to former Liverpool takeover bidder Kenny Huang talking to SportingIntelligence.com at the start of the month. For me, it kind of somes up what’s happened over the past few weeks with the Chinese businessman’s bid for the club. First it was said that Huang was a billionaire, next it was said he had rich backers although he himself did not have the money to finance a takeover, and then the British media revealed that his backers were in fact CIC (the Chinese Investment Corporation.) Again, this was denied, and then nobody knew exactly who was backing Huang’s bid for the club.

Another revelation came on the 12th August when Huang’s business partner Marc Ganis, who had outlined Huang’s bid a few days before stated to the Daily Telegraph that they actually hadn’t identified investors who could finance the bid:

“We haven’t yet decided to submit a formal proposal but are interested in looking at an investment there. I suspect that is obvious. We also have not identified the potential investors.”

Eventually on Friday though, Huang revealed in a statement that he had withdrawn his interest in buying Liverpool FC. Apparently, according to the Daily Telegraph, Liverpool chairman Martin Broughton issued certain demands that Huang was not willing to submit to.