Exclusive: Hong Kong investor ‘leads Liverpool takeover race’

By Michael Owen
liverpool exclusive
(Photo: Simon Cooper)

liverpool exclusive

A Hong Kong-based businessman is the main contender to takeover Liverpool Football Club, according to a source close to Barclays Capital.

The Royal Bank of Scotland set a deadline of 6 October for club chairman Martin Broughton and Barclays Capital to find a new owner and bring an end to Tom Hicks and George Gillett’s Anfield tenure.

With the deadline looming and a number of potential investors seemingly backing away from making an offer, many reports speculated the club were unlikely to find a new owner before the date.

But a senior source close to Barclays Capital believes there to be some interest in the club, with “as many as five bidders at in-depth stages of due diligence” and a “Hong Kong-based investor leading the race” to take over at Anfield.

The bank, however, appears unwilling to offer any financial support to the potential investors, with the source stating there is “no chance of BarCap becoming involved with the debt financing of any takeover”.

However, Barclays Capital are reported to be becoming increasingly frustrated with the current owners. “Unrealistic valuations are driving us [BarCap] insane,” said the source. The insider also accused the American duo of being “unreachable”.

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