Kenny Huang has dropped his interest in buying
Liverpool.
Huang issued a statement on Friday evening to say he and his
company QSL Sports were pulling out of takeover talks with the
Anfield club.
Huang was the first party to openly declare and interest in
buying the Merseysiders from Americans Tom Hicks and George
Gillett, but refused to comment when it was claimed his bid was
backed by the Chinese government.
The statement presented no reason for Huang's decision to pull
out of negotiations.
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."
