CIC deny Reds interest

Confusion surrounds Liverpool bidder

Last updated: 5th August 2010   Subscribe to RSS Feed

CIC deny Reds interest

Liverpool: Subject of takeover talk

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The Chinese government's foreign investment arm, China Investment Corporation, have denied funding a bid for Liverpool.

The Chinese Government have been linked to a takeover bid fronted by Kenny Huang for the Anfield outfit.

Reports have suggested Huang's takeover bid was backed by the state-funded China Investment Corporation (CIC).

However, a spokesperson for CIC claims they are not involved in any bid for the English giants.

The spokesperson told the Financial Times there was "no way" the fund would get involved in such a high-profile, symbolic and potentially risky deal.

Hong Kong-based investor Huang admitted his interest on Wednesday and is thought to value the club at about £325m, but has not yet made a formal offer.

A number of parties are thought to be in talks with Liverpool over a possible deal with Syrian businessman Yahya Kirdi claiming his consortium of Canadian and Middle East investors has agreed a deal with current Liverpool owners George Gillett and Tom Hicks.

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