Chinese businessman in Liverpool talks 26/04/2010
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Chinese businessman Kenneth Huang has revealed he is in talks to buy Liverpool.
Huang is heading a consortium interested in buying the club from Americans Tom Hicks and George Gillett, and believes a deal could be done within the next two months.
"Negotiations have taken place over the last few months and we are at a crucial stage," he said in the Sunday Mirror.
"I really hope it turns out to be a successful bid. Right now my audit team is examining the books and my legal team is in close contact with theirs.
"We have a fierce competitor in the Middle East, but it could be finalised in June."
The former Wall Street broker, who is thought to be putting together a £500m deal, added: "I was first approached [to buy Liverpool] in 2008 when I was in Singapore attending a Formula 1 Grand Prix, but the asking price was $1bn.
"It was totally unreasonable so I turned it down. The asking price has dropped significantly and we are talking again.”
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