Kenny Huang pulls out of Liverpool takeover bid

Hong Kong businessman Kenny Huang has ended his interest in buying Liverpool Football Club, it emerged on Friday night.

Huang and his company QSL Sports openly expressed an interest in taking over the Anfield club last month, but the tycoon now says they are pulling out of the running with “regret”.

A statement released on Friday confirmed the news but did not explain the reason for the withdrawal.

Huang said: “Over the past few months we learned first-hand that Liverpool has a very special place in the hearts of millions of fans around the world.

“We concluded that a plan that properly capitalises the business and provides funds for a new stadium and player-related costs would allow Liverpool FC to provide its great fans with the success they deserve.

“Our strategy and unique ability to expand the fanbase in Asia would also have been of benefit to all.

“We regret that we will not have the opportunity to implement this strategy.

“We thank the many Liverpool fans who expressed support for our efforts and wish the club great success in the years to come. I am now considering my future options and will be making no further comment at this time.”