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Chinese Government could invest in Liverpool FC

Football - England - Premier League - 2010-08-05
Kenny Huang from Hong Kong is leading the chase to buy Liverpool from current American owners Tom Hicks and George Gillett. But where does his funding come from?

It has recently been revealed that an investment arm of the Chinese government known as the Chinese Investment Corporation (CIC) is footing the money for the buyout.

Syrian Yahya Kirdi was reported to also be in the running as his terms were more beneficial for the current owners, but English newspapers have since reported he's dropped from the race.

With such a stable financial base, the Royal Bank of Scotland (who are overseeing and have the final say in the deal) may well go with Kenny Huang and the CIC. If so, it is rumoured that Roy Hodgson would have about 150 million GBP to spend on new signings.

Author: inplaytoday

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