Liverpool Football Club: Dire Straits To Say The Least PDF Print E-mail
Written by Tom Doerr   
Sunday, 10 October 2010 13:49
Recently there has been much speculation over the future ownership of Liverpool Football Club, most notably a possible buyout by Chinese businessman Kenneth Huang. Back in 2008 he was linked to a possible sale of the club but lost interest after its 650m valuation; the club is currently valued at 350m.
by TomDoerr


Recently there has been much speculation over the future ownership of Liverpool Football Club, most notably a possible buyout by Chinese businessman Kenneth Huang. Back in 2008 he was linked to a possible sale of the club but lost interest after its 650m valuation; the club is currently valued at 350m.

Previous manager Rafa Benitez came under huge criticism as he led the club into one of their poorest seasons in history. It seems like it all went downhill since they won the European Champions League in 2005.

New manager Roy Hodgeson had the odds stacked against him when taking over the club earlier in the year and made the controversial decision to sell some of the players to free up some cash for the club.

Even two months ago the club finally lost its deal with longstanding sponsors Carlsberg. And just when things seemed like they couldn't get any worse, the club saw light on the horizon with takeover interest from Chinese businessman Kenny Huang. Huang had the backing of a well funded government organisation which, although controversial, could have brought some well needed funds to the club.

Chinese investment would have also meant a large Asian following and probable sponsorship deals. But in a move that disgruntled everyone, the American owners turned down the bid, despite pressure from RBS to repay debts. Huang even offered to pay off the debt as well as pay over the asking price for the club.

Some people are not keen on Huang's bid as he is said to be backed by the Chinese government. But this makes perfect sense due to the club's popularity in the China and the readily available capital.

The club will also be in discussions with striker Wayne Rooney in attempts to extend his contract which currently has two years left to run. Vidic's decision to stay is a huge plus for the team considering Rio Ferdinand's fitness problems and the general uncertainty of their defense.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Many fans have rallied in protest outside Anfield in their Liverpool football shirt and some of the top players could lose their Adidas predators in a sponsorship clause.