BarCap Approach Kenny Huang Over LFC Takeover

Liverpool have returned to
previously interested parties
about reviving takeover talks.
The News of the World says the
New York-based private equity
firm Rhone offered £110m for a
40 per cent stake last March.
BarCap have also made fresh
contact with Chinese investor
Kenny Huang to see if his bid can
be resurrected and the ruling
family of the United Arab
Emirates maintain an interest.
Liverpool are also generating
takeover interest from the Middle
East.
The main issue does not seem to
be a lack of buyers, but a lack of
willingness to meet the asking
price.
Tom Hicks now accepts his
£600m valuation is not likely but
he and George Gillett will not
drop to £300m.