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Kenny Huang leading serious bid for LFC

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[quote author=Ossi link=topic=41235.msg1153310#msg1153310 date=1281684063]
Who/what is Bamba?
[/quote]

Tis a song by Ritchie Valens!
 
Chinese businessman Kenny Huang believes his consortium have a 50 per cent chance of taking over at Liverpool.


The ownership battle for Liverpool has been going on for several weeks with the club inviting offers for Tom Hicks and George Gillett's stake.


Huang has broken his silence on his interest in Liverpool, claiming the Anfield board had accepted his group's proposals, but that they faced competiton from other consortiums to gain control on Merseyside.


"I am 50 per cent confident we will acquire the club," Huang told Chinese website Sohu Sports.


"Our interest in buying LFC has been recognised by the board," he said.


"At the same time, we have continued our work - researching and evaluating, the overall progress is good. However, there are quite a number of strong competitors. So there are still a lot of unknowns.


"We have put forward many proposals and we have the answer: the board has accepted our proposal and wish us to continue the process. We have a reply in less than 10 days.


"There is still some way to go. It was that we asked the board to let us know whether our proposal would be overall acceptable and the board has said yes."


Huang added: "There are rivals from North America and the Middle East. Each bidder wants to consider themselves at an advantage, so it is difficult to say we are far ahead.


"We will continue to work with the board and the banks of Liverpool, as well as other aspects.


"Our adversaries are stronger and we lack experience, so we need to do further research."
 
[quote author=Vlads Quiff link=topic=41235.msg1153249#msg1153249 date=1281659344]
I think I want Bamba to be right.
I am not sure about Huang, but my gut reaction says it could be OK. I don't like the look of Kirdi one bit.
The idea of opening up millions of potential fans at a sweep sounds great and is sure to work, but I wonder how many peeps in China will be splashing out on official shirts etc.
I am still waiting for the Arabs to ride to the rescue
shk_mohammad_4.jpg


regards
[/quote]

Isn't Sheikh Mo rumoured to be one of Kirdi's backers?
 
depressing news RE: fees and interests acumulating @ #2.5 M a week....
... and perhaps the only proof so far that a football club is no commodity: G & H haven't tried to sell Liverpool on ebay!
 
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
 
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
 
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
 
This thread is good as it resembles a soap opera. You don't have to read it all to pick up on what's happening, the latest two or three posts will do the trick - and nothing moves the story toward a conclusion, it's all just more noise.
 
[quote author=doctor_mac link=topic=41235.msg1153411#msg1153411 date=1281691365]
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
[/quote]

Are you really in any doubt about that?
 
[quote author=TheBunnyman link=topic=41235.msg1153413#msg1153413 date=1281691437]
[quote author=doctor_mac link=topic=41235.msg1153411#msg1153411 date=1281691365]
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
[/quote]

Are you really in any doubt about that?
[/quote]

I don't know bunny. That he's milking the idiots at RAWK for their raising him to quasi-messianic status, and that he's an uber-wab, I've no doubt. However, he did break aspects of this story well before they hit the press, and I believe he has a connection at least with someone well placed in the press. Perhaps even Tony Evans. In fact, it has been plausibly suggested it is Tony Evans. Whatever, he's deffo being fed some sort of info.
 
[quote author=Irish_Red link=topic=41235.msg1153229#msg1153229 date=1281652441]
No firm bids to buy Liverpool are expected to be made tomorrow, the self-imposed deadline by which the club's chairman, Martin Broughton, said he hoped to receive solid offers. Yahya Kirdi, the Syrian businessman based in Canada, continues to express a positive interest but if, as has been claimed, his financial backers are members of the ruling family of Sharjah in the United Arab Emirates, any firm bid from him is certain to be delayed.

Yesterday the family announced the death at 95 of Sheikha Maryam al-Shamsi, the mother of Sharjah's ruler, Sheikh Sultan bin Mohammed al-Qassimi. All members of the family will now observe seven days mourning during which no business will be conducted.

The Hong Kong-based businessman Kenneth Huang said today that his consortium "have confirmed with Liverpool's board that we are interested in bidding" but he has not translated that into a detailed proposal with the proof that the money is there, which Broughton has asked for.

Sources close to the process confirmed today that no firm offers, with the required proof of funds, have been received, and it is not thought likely that any will be delivered tomorrow. That means Liverpool's owners, Tom Hicks and George Gillett, will be hit with another £2.5m, the penalty fee they are being charged by the Royal Bank of Scotland for every week the club is not sold.

Imposed on Hicks's and Gillett's Liverpool holding company, Kop, as part of the refinancing last April of £237m in loans from RBS, the £2.5m weekly penalties will, according to sources close to the arrangement, amount to an additional £60m if the club is not sold by 6 October, when the loan expires. That would mean RBS will have racked up more than £200m in interest and fees since it loaned Hicks and Gillett £185m to buy Liverpool in February 2007.

RBS would not confirm the £2.5m or £60m figures, but did acknowledge penalty fees are part of the loan arrangement. The accumulating fees are charged to Hicks's and Gillett's holding company, and will become due for repayment by the owners if and when the club is finally sold.


If this is true its been a great business deal for RBS the cunts have and will make a fortune out of the club regardless if and when the takeover goes ahead. The ways its looking to me is Broughton will quit before October and RBS will sell the club or the debt themselves.
[/quote]

That is astonishing! Wtf were they thinking?
 
I said Broughton would quit before the sale also.

It does make one wonder exactly what he's done and is doing, who appointed him, and why. And also why he took the job. Does he need the money that badly?
 
[quote author=doctor_mac link=topic=41235.msg1153418#msg1153418 date=1281691753]
[quote author=TheBunnyman link=topic=41235.msg1153413#msg1153413 date=1281691437]
[quote author=doctor_mac link=topic=41235.msg1153411#msg1153411 date=1281691365]
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
[/quote]

Are you really in any doubt about that?
[/quote]

I don't know bunny. That he's milking the idiots at RAWK for their raising him to quasi-messianic status, and that he's an uber-wab, I've no doubt. However, he did break aspects of this story well before they hit the press, and I believe he has a connection at least with someone well placed in the press. Perhaps even Tony Evans. In fact, it has been plausibly suggested it is Tony Evans. Whatever, he's deffo being fed some sort of info.
[/quote]

Yes, but Tony Evans 'broke' the story about Huang's bid being backed by CIC, which it turns out is bullshit. I wouldn't be surprised if it turns out Evans has been paid for his part in this farce.
 
[quote author=Brendan link=topic=41235.msg1153433#msg1153433 date=1281692270]
I said Broughton would quit before the sale also.

It does make one wonder exactly what he's done and is doing, who appointed him, and why. And also why he took the job. Does he need the money that badly?
[/quote]

Been wondering the same. Strange job choice.
 
[quote author=TheBunnyman link=topic=41235.msg1153436#msg1153436 date=1281692355]
[quote author=doctor_mac link=topic=41235.msg1153418#msg1153418 date=1281691753]
[quote author=TheBunnyman link=topic=41235.msg1153413#msg1153413 date=1281691437]
[quote author=doctor_mac link=topic=41235.msg1153411#msg1153411 date=1281691365]
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
[/quote]

Are you really in any doubt about that?
[/quote]

I don't know bunny. That he's milking the idiots at RAWK for their raising him to quasi-messianic status, and that he's an uber-wab, I've no doubt. However, he did break aspects of this story well before they hit the press, and I believe he has a connection at least with someone well placed in the press. Perhaps even Tony Evans. In fact, it has been plausibly suggested it is Tony Evans. Whatever, he's deffo being fed some sort of info.
[/quote]

Yes, but Tony Evans 'broke' the story about Huang's bid being backed by CIC, which it turns out is bullshit. I wouldn't be surprised if it turns out Evans has been paid for his part in this farce.

[/quote]

Well we don't know just how bullshit it is. There is certainly CIC involvement, possibly only to the tune of 20%, but possibly more. The fact remains, according to Digger in the guardian, that CIC freed up capital to an amount that is exactly that of the LFC debt.

I'm not sure we can totally discount the CIC link entirely. We'll see. It is entirely possible that the whole thing is an exercise in disinformation though.
 
If CIC wanted to ensure their investment was kept discreet it would be beyond simple to do so and they could then deny direct investment. I'm not convinced either way but hope and pray they ARE involved.
 
[quote author=doctor_mac link=topic=41235.msg1153465#msg1153465 date=1281694398]
[quote author=TheBunnyman link=topic=41235.msg1153436#msg1153436 date=1281692355]
[quote author=doctor_mac link=topic=41235.msg1153418#msg1153418 date=1281691753]
[quote author=TheBunnyman link=topic=41235.msg1153413#msg1153413 date=1281691437]
[quote author=doctor_mac link=topic=41235.msg1153411#msg1153411 date=1281691365]
[quote author=TheBunnyman link=topic=41235.msg1153408#msg1153408 date=1281691206]
[quote author=doctor_mac link=topic=41235.msg1153404#msg1153404 date=1281691011]
I don't buy the humble thing in the slightest. We must remember that Huang was initially portrayed as a media hound, full of bombast, self promotion and little else, and has evidently been told to keep quiet as part of entering into discussions with Broughton. So he is giving an interview to his own magazine, where he can dictate both questions and answers. This is a humility topos, a posture of meekness that isn't to be taken at face value. I'm not saying it is that underhand, but I believe in Eastern cultures this deferential posturing to one's mighty opponents is not uncommon. This building up of the opponents as being more media savvy, for instance, is something he is sure to know isn't true. With Huang's deliberate attempts to garner fan support with the approach to SOS as Kirdi comes across as bezzie buddies with H&G is a PR disaster, and he knows it. This interview suggests confidence rather than humility or insecurity. It gives nothing away, but it is suggestive. That the press have foreseen their moves is an attempt, I think, to suggest they are backed by CIC, though that's not to say they are, of course. There's a lot going on in that interview in terms of manipulating perceptions, but little else.
[/quote]

It's all a load of hot air until/unless he makes an official bid.
[/quote]

Well according to Bamba, the bid is actually in, so we'll soon find out if he's talking shite or not.
[/quote]

Are you really in any doubt about that?
[/quote]

I don't know bunny. That he's milking the idiots at RAWK for their raising him to quasi-messianic status, and that he's an uber-wab, I've no doubt. However, he did break aspects of this story well before they hit the press, and I believe he has a connection at least with someone well placed in the press. Perhaps even Tony Evans. In fact, it has been plausibly suggested it is Tony Evans. Whatever, he's deffo being fed some sort of info.
[/quote]

Yes, but Tony Evans 'broke' the story about Huang's bid being backed by CIC, which it turns out is bullshit. I wouldn't be surprised if it turns out Evans has been paid for his part in this farce.

[/quote]

Well we don't know just how bullshit it is. There is certainly CIC involvement, possibly only to the tune of 20%, but possibly more. The fact remains, according to Digger in the guardian, that CIC freed up capital to an amount that is exactly that of the LFC debt.

I'm not sure we can totally discount the CIC link entirely. We'll see. It is entirely possible that the whole thing is an exercise in disinformation though.
[/quote]

By whom though, and for what reason?
 
If Huang was serious he'd be talking less and acting more. Without a shred of evidence either way I'd suggest he's either:

1. Carpetbagger.

2. A Walter Mitty character.

This ensures he'll do a deal.
 
Hi everyone

This is all too much for me all this stuff, as it is for most people I think, I personally would not mind a mixed consortium of some kind from Asia, America, and the Arab World. That way - if things are not going well for one of them - the others could contribute more on any given year. At the moment we have two Americans who have lived off a very big credit card and the bank wants more than the minimum payment back right now.

Regards,

MORON.
 
[quote author=Judge Jules link=topic=41235.msg1153482#msg1153482 date=1281696412]


By whom though, and for what reason?
[/quote]

By Huang and his consortium- they could be doing one (or in turn both) of two, completely contrasting things.

1. Through innuendo suggesting they have fabulously wealthy backing (ie CIC)- this was the first wave of publicity- the reasons: to get the fans on board, to be taken seriously.

tack 2

2. Playing down their financial backing (suggesting that CIC have a relatively minor input, or a subsidiary of CIC being involved), giving very little away - this has the advantage of meaning that the owners/ board may not commit to driving the price up too much, and it may be a deception, or they really could be comparatively small time.
 
[quote author=doctor_mac link=topic=41235.msg1153537#msg1153537 date=1281702042]
[quote author=Judge Jules link=topic=41235.msg1153482#msg1153482 date=1281696412]


By whom though, and for what reason?
[/quote]

By Huang and his consortium- they could be doing one (or in turn both) of two, completely contrasting things.

1. Through innuendo suggesting they have fabulously wealthy backing (ie CIC)- this was the first wave of publicity- the reasons: to get the fans on board, to be taken seriously.

tack 2

2. Playing down their financial backing (suggesting that CIC have a relatively minor input, or a subsidiary of CIC being involved), giving very little away - this has the advantage of meaning that the owners/ board may not commit to driving the price up too much, and it may be a deception, or they really could be comparatively small time.






[/quote]Who do you think will win this play and why. What's your hunch?
 
[quote author=bkwitche link=topic=41235.msg1148171#msg1148171 date=1280934043]
I can see now that nothing is actually going to take place.

As usual, we get the initial excitement of someone making a bid for the club followed up by a few days of rehashing the same information and now


Bullshit and retractions.
[/quote]
 
Nothing is going to change until G and H realize they'll be lucky to get out without losing their shirt. The leverage is there and these potential buyers are too shrewd to pay over the odds, when they know administration is close... RBS will allow refinancing. Why? Because they stand to make a MINT. 200M in the past five years in Interest? are you kidding me?
 
RBS are tightening the screws on H&G, and forcing them into a position where they need to sell:

Tom Hicks and George Gillett face £20m bank penalty if Liverpool is not sold
Liverpool owners Tom Hicks and George Gillett will have to pay the Royal Bank of Scotland £20 million in penalty fees if the club remains unsold at the end of August, it has emerged.



By Rory Smith
Published: 11:00PM BST 12 Aug 2010
Rory's Twitter

Happier days: Tom Hicks, left, and George Gillett when they assumed control of Liverpool Photo: GETTY IMAGES
Though Kenny Huang, the leading contender to oust the Americans, yesterday insisted talks are progressing smoothly, he admits he is only "50 per cent" confident of securing a £400 million takeover.
The bank, which holds £237 million of debt placed on the Anfield side by its American owners, has imposed the so-called "ticking fees" against Hicks and Gillett, rather than Liverpool, in an attempt to force a sale of the club.

Hicks and Gillett are also thought to be personally liable for millions of pounds in punitive interest charges since RBS agreed to a new refinancing deal in April. The bank will take the fees out of the proceeds of a sale of the club, though should Liverpool fetch less than the £282.4 million sum of its total debt, RBS will pursue the Americans for the extra funds.
Liverpool's current owners are holding out for a £600 million deal to cover liabilities elsewhere in their business empires, but sources familiar with the sale have suggested that such a price remains a pipe-dream.
Yahya Kirdi, the Syrian-Canadian businessman acknowledged as the Americans' preferred bidder, has denied he will meet that valuation, while Huang is thought to be preparing an offer of around £400 million.
The Chinese entrepreneur yesterday broke his silence on his prospective takeover in an interview published by Love Basketball magazine in his homeland, insisting an outline proposal has been approved by Liverpool's chairman, Martin Broughton, and the club's board.
He also moved to assuage a number of doubts over his offer, including the provenance of funds and the identities of his backers, though he stopped short of confirming whether he had tabled a formal bid to buy the club.
"We have signed a confidentiality clause with regards to the acquisition of Liverpool," Huang was quoted as saying. "I am 50 per cent confident we will acquire the club. We have provided a large number of documents. Liverpool's board has approved our proposal and we will have an answer in less than 10 days.
"Liverpool's board have given us a positive response, but there are still plenty of unknowns. Our competitors are very strong and the board has not confirmed they will accept us. There are rivals from North America and the Middle East. We still have some distance to go, but we were informed the board regard our proposal as acceptable in the macro."
Huang also dismissed suggestions he would walk away should a deal not be completed by the end of the week and confirmed that Yang Guang, his partner in Liverpool's would-be parent company QSL, is involved in the bid in an advisory capacity.
Though Liverpool fans will be unconcerned by personal debts accrued by their unpopular owners, the club's future, should Hicks and Gillett manage to retain control at Anfield, will be a cause of considerable distress.
"Liverpool's is not a long-term business model," said Philip Long of PKF accountants, who conduct an annual survey into football finance. "There simply is not a happy ending to leveraged buy-outs. The burden of the interest outweighs any profits the club make, and that becomes unmanageable.
"The two Americans hanging on and seeing their debt refinanced by RBS, continuing to pay interest, is a far worse scenario than the bank taking over the running of the club. The debt burden will just increase to a point where the interest is not being serviced any more. The ultimate end game, if Hicks and Gillett cling on, is that Liverpool goes bust."
Meanwhile, Huang could come face to face with one of the American owners he is trying to oust from Anfield at a London conference later this year, writes Paul Kelso.
Huang has not spoken to the UK media since making public his bid for the club, but regardless of what transpires with Liverpool, he has already agreed to give a presentation at the Economist Global Sport Summit at the end of October.
Juang is listed under his Chinese name, Jian-Hua Huang, among the speakers on the conference website. A spokesman for the conference said he had confirmed his attendance weeks before his interest in Liverpool became public.
In a twist that could add a little tension to events, George Gillett is among the delegates who have indicated they will attend the conference, which will be held at the Grosvenor House Hotel on Oct 29, two days before the annual NFL match at Wembley.
Whether the ownership of Liverpool will have transferred between Huang and Gillett is a moot point, and it remains to be seen whether both men fulfil their commitment to the event. Two years ago both Gillett and Tom Hicks attended the conference.
 
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