2010年9月20日星期一

Confusion surrounds Chinese bi

MYSTERY surrounds Kenny Huang and his interest in buying Liverpool after claims about his links to the Chinese government were met with an apparent denial which was then Jimmy choo dismissed.

Reports suggested Huang is fronting a bid backed by China Investment Corporation (CIC), the country's sovereign wealth fund which manages a Pounds 188bn portfolio.

Claims CIC had sold Pounds 351m worth of Jimmy choo shares in the global financial services firm Morgan Stanley in the last couple of weeks - a figure equivalent to the debts held by Liverpool - appeared to add credence to the link.

But suggestions emerged that Huang's PR advisors had issued a statement in China refuting "any Jimmy choo involvement of state-owned enterprises in his business dealings".

However, a spokeswoman for Hill and Knowlton Asia later denied any statement had been released and said they had not issued any clarification which referred to the Chinese government.

And, according to the Financial Times, a spokesman for CIC said they had never heard of Huang or a plan to buy Liverpool.

CIC has numerous multimillion dollar global investments, but there has been scepticism about their buying into a Premier League club, a view held by sports finance expert Tom Cannon, from Liverpool University.

"I have serious doubts about this deal," he said. "It's not the kind of investment I'd expect from the Chinese government. It's hard to see what's in it for Manolo blahnik them."

Huang's major rival appears to be Syrian businessman Yahya Kirdi, representing a group of investors from the Middle East and Canada.

He claimed on Wednesday that a price had been agreed with co- owners Tom Hicks Manolo blahnik and George Gillett.

Manolo blahnik

Liverpool chairman Martin Broughton is hopeful of concluding a sale by the end of the month.

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