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Kenny Huang leading serious bid for LFC

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Jürgen4PM

Jürgen4PM

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Tony Evans, Football Editor, and Tony Barrett
Updated 29 minutes ago

Liverpool’s ownership battle picked up pace yesterday when it emerged that a Chinese tycoon was in negotiation with Royal Bank of Scotland to take control of the club.

Kenny Huang, who is partnered by one of the biggest sovereign wealth funds in the Far East, is determined to wrest control from Tom Hicks and George Gillett Jr before the transfer window closes. Last month, Huang made approaches to a number of key figures at Anfield to emphasise the seriousness of the bid in an attempt to forestall a summer exodus of players.

Fernando Torres, who reports back to training today, will be asked to delay any decision on his future until the outcome of the takeover bid is known.

Liverpool have been up for sale since April, when the American owners appointed Martin Broughton, the British Airways chairman, to oversee any deal. However, last week, no viable bidder had come forward and Broughton has not moved the process on.

Hicks and Gillett took over three years ago in a leveraged buyout and owe RBS about £237 million. Hicks has consistently quoted an asking price of £800 million club but business analysts consider this unrealistic, with £325 million a more reasonable figure.

The approach by Huang guarantees RBS the repayment of the vast majority of the loan because the bid guarantees to clear Liverpool’s debt.

Huang, who was first linked with a buyout at Liverpool two years ago, has an impressive track record as head of QSL Sports Limited, a Hong Kong-based investment company. He was instrumental in taking Yao Ming, the basketball superstar, to the Houston Rockets in the NBA.

Sources close to Huang said that he was eager to push the Liverpool deal through to make use of the transfer window. Roy Hodgson, the manager, would be given funds to add to a squad that dropped out of the top four and the Champions League places last season.

As well as generating revenue, Huang plans to build a new stadium as quickly as possible. The Americans made a similar promise in February 2007, pledging that ground would be broken on the Stanley Park site within 60 days, but work has still not started.
 
[quote author=Herr Onceared link=topic=41235.msg1146533#msg1146533 date=1280699410]
90% completed apparently.
[/quote]

89% I heard
 
http://live4liverpool.com/2010/04/view-from-the-kop/a-profile-of-kenny-huang-liverpools-potential-new-owner

Kenneth Huang, or Jian-hua Huang to go by his Chinese name, has been linked with a consortium who are apparently attempting to buy Liverpool Football Club, but who exactly is he? Huang had the unique honour of becoming China’s first graduate to work in the New York Stock Exchange in the 1980s, and has developed an interest in Western culture during his time in the United States. After graduating in 1984 with a BA degree from Zhongshan University in Guangzhou, his hometown, he moved to study in the US at Columbia University before moving to New York to complete his Masters degree at St Johns. It was when he was at New York University though, while completing some MBA financial management courses, that he began to work at the Stock Exchange.
From here on, Huang became an exceptionally accomplished business executive, building relationships in his native China and using his connections to great effect. He set up many international investments and financing projects between Chinese and American companies, partnering with many of China’s large state-owned enterprises in the deals, and making large profits by benefiting from the economic boom in China. One of his crucial partners in America was with one Les Alexander, and this is where Huang’s connections in sport become very interesting. Alexander is the owner of the NBA’s Houston Rockets and back in 2002, Huang worked with Alexander to bring Chinese Basketball superstar Yao Ming to the NBA to play for Alexander’s team.
Huang’s involvement in US Sport doesn’t end there though. He seems to have enthusiasm for many American sports including basketball and baseball. He uses his company SportsPro Media China to link Chinese sponsors and US Sports giants including baseball team New York Yankees where he owns a percentage of the franchise with American businessman Marc Ganis. He has also brought much needed multi-year sponsorship deals for basketball teams Houston Rockets and Cleveland Cavaliers in recent years, as well helping to boost the NBA’s profile in China through pre-season tours. Early this year, Huang bought a 15% stake in the Cleveland Cavaliers leading to speculation in the US that Yao Ming will link up at Cleveland with NBA all-star Lebron James.
As well as being involved with sport in America, Huang has started to promote basketball in his native China, buying Jilin Northeast Tigers and purchasing a Basketball league in his home country (the National Basketball League) to rival the present Chinese Basketball Association. On top of this, he announced last year a youth Baseball league in the country, showing that his enthusiasm for sport is wide ranging. Huang it seems is determined to make both sports as popular as possible in China.
Huang continues to excel in business too and recently set up a new business venture called Rocket Capital with Les Alexander and San Antonio Spurs former owner Billy Joe “Red†McCombs. Together (with Alexander & McCombs billions and Huang’s connections with China’s state industries) they have begun to collect an assortment of companies, investing in one of China’s largest automakers Brilliance Auto, as well as in the China Railway Group, China Sinoma International Engineering, Uni President Enterprises Corp, Xinjiang XinXin Mining Industry, and Anta Sports Products, the last of which now sponsor’s Alexander’s Houston Rockets. Rocket Capital also has invested large amounts into Hong Kong’s private equity market, to the amount of $200 million in 2007 alone.
The two things you need to know about Huang then, are that although he is wealthy, it is his backers that really hold the billions. The second fact is that not only will he bring wealthy backers, his connections with China’s state owned companies mean exceptionally lucrative sponsorship deals from the Far East. If Huang’s consortium does takeover, expect many pre-season tours of China, but also keep in mind that Liverpool maybe the first football club to crack the highly lucrative market in China. Huang already has a track record of doing this, tying Anta to Houston Rockets and more recently Tsing Tsao to the Cleveland Cavaliers. His passion for sport is undoubted with his deal-brokering in both Basketball and Baseball, and he now looks like turning his attention to football and Liverpool FC.

Sorry chaps it copy and pasted into a bulk rather than paragraphs.
 
[quote author=Peatcheo link=topic=41235.msg1146537#msg1146537 date=1280699640]
http://live4liverpool.com/2010/04/view-from-the-kop/a-profile-of-kenny-huang-liverpools-potential-new-owner

Kenneth Huang, or Jian-hua Huang to go by his Chinese name, has been linked with a consortium who are apparently attempting to buy Liverpool Football Club, but who exactly is he? Huang had the unique honour of becoming China’s first graduate to work in the New York Stock Exchange in the 1980s, and has developed an interest in Western culture during his time in the United States. After graduating in 1984 with a BA degree from Zhongshan University in Guangzhou, his hometown, he moved to study in the US at Columbia University before moving to New York to complete his Masters degree at St Johns. It was when he was at New York University though, while completing some MBA financial management courses, that he began to work at the Stock Exchange.

From here on, Huang became an exceptionally accomplished business executive, building relationships in his native China and using his connections to great effect. He set up many international investments and financing projects between Chinese and American companies, partnering with many of China’s large state-owned enterprises in the deals, and making large profits by benefiting from the economic boom in China. One of his crucial partners in America was with one Les Alexander, and this is where Huang’s connections in sport become very interesting. Alexander is the owner of the NBA’s Houston Rockets and back in 2002, Huang worked with Alexander to bring Chinese Basketball superstar Yao Ming to the NBA to play for Alexander’s team.

Huang’s involvement in US Sport doesn’t end there though. He seems to have enthusiasm for many American sports including basketball and baseball. He uses his company SportsPro Media China to link Chinese sponsors and US Sports giants including baseball team New York Yankees where he owns a percentage of the franchise with American businessman Marc Ganis. He has also brought much needed multi-year sponsorship deals for basketball teams Houston Rockets and Cleveland Cavaliers in recent years, as well helping to boost the NBA’s profile in China through pre-season tours. Early this year, Huang bought a 15% stake in the Cleveland Cavaliers leading to speculation in the US that Yao Ming will link up at Cleveland with NBA all-star Lebron James.

As well as being involved with sport in America, Huang has started to promote basketball in his native China, buying Jilin Northeast Tigers and purchasing a Basketball league in his home country (the National Basketball League) to rival the present Chinese Basketball Association. On top of this, he announced last year a youth Baseball league in the country, showing that his enthusiasm for sport is wide ranging. Huang it seems is determined to make both sports as popular as possible in China.

Huang continues to excel in business too and recently set up a new business venture called Rocket Capital with Les Alexander and San Antonio Spurs former owner Billy Joe “Red†McCombs. Together (with Alexander & McCombs billions and Huang’s connections with China’s state industries) they have begun to collect an assortment of companies, investing in one of China’s largest automakers Brilliance Auto, as well as in the China Railway Group, China Sinoma International Engineering, Uni President Enterprises Corp, Xinjiang XinXin Mining Industry, and Anta Sports Products, the last of which now sponsor’s Alexander’s Houston Rockets. Rocket Capital also has invested large amounts into Hong Kong’s private equity market, to the amount of $200 million in 2007 alone.

The two things you need to know about Huang then, are that although he is wealthy, it is his backers that really hold the billions. The second fact is that not only will he bring wealthy backers, his connections with China’s state owned companies mean exceptionally lucrative sponsorship deals from the Far East. If Huang’s consortium does takeover, expect many pre-season tours of China, but also keep in mind that Liverpool maybe the first football club to crack the highly lucrative market in China. Huang already has a track record of doing this, tying Anta to Houston Rockets and more recently Tsing Tsao to the Cleveland Cavaliers. His passion for sport is undoubted with his deal-brokering in both Basketball and Baseball, and he now looks like turning his attention to football and Liverpool FC.

Sorry chaps it copy and pasted into a bulk rather than paragraphs.
[/quote]

Sorted 😉
 
[quote author=Terrier link=topic=41235.msg1146549#msg1146549 date=1280700682]
The only relevant question here is how much is he worth.


[/quote]

His backers are worth quite a lot apparently.
 
Very clever move going to RBS direct! Cuts out dealing with the extortionate Americans, the middle man (BarCap) and broker fees. That's savvy business sense.

They can provide funds for players and then borrow to build the stadium. He is well connected and cracking the Chinese market will make us the top earner in merchandising. That would be significant.

The money men behind Kenny Huang are reportedly Billy Joe "Red" McCombs and Leslie "Les" Alexander. Both men have proven track records in sports business. A quick biography:

Biography:
Billy Joe "Red" McCombs (born 1927) is the founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the University of Texas at Austin. He was named one of Forbes magazine's top 400 richest Americans in 2005 with a net worth of $1.7 billion.

A Passion for Sport
Sports is one passion that McCombs will never lose. A star on his high school football team, he went to Southwestern University on a football scholarship—the only way he could afford college at the time. He bought his first professional team—a minor league baseball team called the Corpus Christi Clippers—when he was only 25. He has owned the NBA’s San Antonio Spurs twice, and is past owner of the Denver Nuggets. In 1998, realizing a life-long ambition, he bought the NFL’s Minnesota Vikings. “The absolute capping of all his many careers,†says Charline, “owning an NFL team is his dream come true.â€

For Vikings head coach Dennis Green, the day McCombs bought the team was his lucky day. “Red’s been a tremendous owner and a breath of fresh air,†he says. “He’s got a great love of professional sports and he brings a lot of experience.†The Vikings, who had been suffering from waning interest among fans and a long downturn in ticket sales, were in great need of an infusion of passion.
The day Red bought the team, the NFL was calling him one of the top five most influential owners, and he has fully lived up to that expectation. In his first two seasons as owner, the Vikings posted their best back-to-back winning seasons in the franchise’s 39-year history. In 1999, the Vikings attracted a record of over 500,000 fans to the Metrodome.


Biography:
Leslie "Les" Alexander is a former stock trader from New Jersey who owns the National Basketball Association team Houston Rockets. He started trading options and bonds for a Wall Street firm before he broke off to form his own investment company, The Alexander Group, in 1980. He also owns a 20% stake in First Marblehead, a private student loan company.

A Passion for Sport
Assumed ownership of the Houston Rockets on July 30, 1993, and – over the last years – has devoted his efforts to making his teams champions both on the basketball court and in the community. Alexander’s dedication to winning has resulted in two NBA Championships with the Rockets and four WNBA Titles with the Houston Comets; giving Houston its first professional sports championships. In 2008, Forbes recognized the integral role Alexander has played in the Rockets’ success by naming him the NBA’s best owner.
 
Fingers crossed on this.

We aint gonna get a sugar daddy, so a well connected businessman with ties to crack China is possibly the next best thing.
 
[quote author=FoxForceFive link=topic=41235.msg1146574#msg1146574 date=1280703105]
Fingers crossed on this.

We aint gonna get a sugar daddy, so a well connected businessman with ties to crack China is possibly the next best thing.
[/quote]

From Rory smiths twitter

@neiljjones Don't think Huang's the backer. He's part of it, and he's the front man, but the money behind it is, and I quote, "serious" #lfc
 
Weren't some of our Malaysian posters a little wary of this guys interest when his name popped up a a few months ago?
 
[quote author=FoxForceFive link=topic=41235.msg1146577#msg1146577 date=1280703341]
WooHoo!

RS is connected enough to know shit. This is GOOD.
[/quote]

Rory Smith has been quite good this summer in communicating with the fans. Lets hope!
 
[quote author=keniget link=topic=41235.msg1146578#msg1146578 date=1280703378]
Weren't some of our Malaysian posters a little wary of this guys interest when his name popped up a a few months ago?


[/quote]


Just Mike ie (Y1)..

I dont think he had personal knowledge to, just general wariness.
 
[quote author=Avmenon link=topic=41235.msg1146582#msg1146582 date=1280703582]
[quote author=keniget link=topic=41235.msg1146578#msg1146578 date=1280703378]
Weren't some of our Malaysian posters a little wary of this guys interest when his name popped up a a few months ago?


[/quote]


Just Mike ie (Y1)..

I dont think he had personal knowledge to, just general wariness.
[/quote]

Well? What do you think should we be?
 
[quote author=Peatcheo link=topic=41235.msg1146579#msg1146579 date=1280703420]
[quote author=FoxForceFive link=topic=41235.msg1146577#msg1146577 date=1280703341]
WooHoo!

RS is connected enough to know shit. This is GOOD.
[/quote]

Rory Smith has been quite good this summer in communicating with the fans. Lets hope!
[/quote]

I ain't going to be able to sleep tonight.
 
Negotiating directly with RBS is exactly the right thing to do and also in the best interests of the club. This fella from Syria could well be just a stalking horse for Gillet availing him a little bit moré time before RBS pull the plug after so many broken promises. GnHs ownership is untenable because they cannot or will not pay down the loans and the club clearly cant service them on its own, even a club the size of Liverpool cannot survive losing over fifty million every year.

I am really optimistic about that report, for a number of reasons the main on being that the negotiations are directly with our actual owners RBS, this is what we were lead to believe Broughton was brought in to do, get a buyer without GnHs greed getting in the way.

I hope he and his backers are powerful enough to actually do the Job properly and that they get a good deal from RBS cutting out an excessive and thoroughly undeserved profit for them yank cunts and not
leaving us paying for GnH to have a sweet retirement.
 
Also from his twitter >🙁 We all know what those 2 cunts will do!

@SiClancy That he is in talks with RBS is real. Whether it goes through depends on Tom, George and whether the bank they sees sense. #LFC
 
Dont know enough tbh, hopefully more information will reveal whether its a serious owner or another bloody leveraged buy-out.

He was sniffing round in April though, not sure wat happened.
 
[quote author=Redshrek link=topic=41235.msg1146576#msg1146576 date=1280703218]
[quote author=FoxForceFive link=topic=41235.msg1146574#msg1146574 date=1280703105]
Fingers crossed on this.

We aint gonna get a sugar daddy, so a well connected businessman with ties to crack China is possibly the next best thing.
[/quote]

From Rory smiths twitter

@neiljjones Don't think Huang's the backer. He's part of it, and he's the front man, but the money behind it is, and I quote, "serious" #lfc

[/quote]

Does he say anything about what makes this different from all the other bids people have apparently put together?
This Huang was ready to bid in April wasn't he?
 
[quote author=Asim link=topic=41235.msg1146588#msg1146588 date=1280703911]
[quote author=Redshrek link=topic=41235.msg1146576#msg1146576 date=1280703218]
[quote author=FoxForceFive link=topic=41235.msg1146574#msg1146574 date=1280703105]
Fingers crossed on this.

We aint gonna get a sugar daddy, so a well connected businessman with ties to crack China is possibly the next best thing.
[/quote]

From Rory smiths twitter

@neiljjones Don't think Huang's the backer. He's part of it, and he's the front man, but the money behind it is, and I quote, "serious" #lfc

[/quote]

Have a gander http://twitter.com/rorysmith_tel

Does he say anything about what makes this different from all the other bids people have apparently put together?
This Huang was ready to bid in April wasn't he?
[/quote]
 
[quote author=Herr Onceared link=topic=41235.msg1146533#msg1146533 date=1280699410]
90% completed apparently.
[/quote]

That last 10% is where so many have fallen before unfortunately.
Also wonder who his backers are
 
[quote author=Avmenon link=topic=41235.msg1146587#msg1146587 date=1280703872]
Dont know enough tbh, hopefully more information will reveal whether its a serious owner or another bloody leveraged buy-out.

He was sniffing round in April though, not sure wat happened.
[/quote]

Erm, they're ALL going to be leveraged buyout's to some point, that's normal business practise.
 
Yeah, that's true....I guess it just seems different if we can be certain the buyer is seriously interested in making their profits whilst developing he club further.
 
Yeah, no body has 350 million sitting in a bank. 99% certain that any new buyer will use an investment bank to effect take over. 1hich effectively means LBO. But usually the good types move another big asset and reduce the debt soon after take over.

However we are talking about several wealthy individuals backing this. It may just mean that the bidder has the liquidity to complete takeover without help from a bank.
 
These lads appear to have the means and credit worthiness to secure long term debt with low interest rates as opposed to the astronomical percentages on a short term basis offered to shit like the yanks.
 
[quote author=the count link=topic=41235.msg1146584#msg1146584 date=1280703636]
[quote author=Peatcheo link=topic=41235.msg1146579#msg1146579 date=1280703420]
[quote author=FoxForceFive link=topic=41235.msg1146577#msg1146577 date=1280703341]
WooHoo!

RS is connected enough to know shit. This is GOOD.
[/quote]

Rory Smith has been quite good this summer in communicating with the fans. Lets hope!
[/quote]

I ain't going to be able to sleep tonight.
[/quote]

yay!! fingers crossed

wUsp3.gif
 
[quote author=keniget link=topic=41235.msg1146578#msg1146578 date=1280703378]
Weren't some of our Malaysian posters a little wary of this guys interest when his name popped up a a few months ago?

[/quote]

TBH Malaysians & especially Singaporeans, are wary of anything to do with mainland China ! It's more to do with the integration of mainland Chinese and their culture & political views into their societies than of anything necessarily wrong with the bid.

However you have to understand that ALL money coming out of China will be in some way illegitimate since virtually all big money earned here has been earned utilising illegal connections and including, in most cases, local governmental assistance. One thing that most Westerners greatly underestimate though is the vast amounts of private capital here. Take a look at the Forbes Rich List from 10 yeas ago and look at it again today, and the list of the World's Billionaires (where China is now 2nd only to the USA and catching them hand over foot) - China is awash with liquid private capital but with little means of external investment.

Also understand that as Kenneth Huang comes from Guangzhou he is just as likely to be well connected to HK as he is to mainland China (since their dialect - Cantonese - is very different from Mandarin but virtually the same as that of HK, and Guangdong province has very strong economic ties with HK). It would be very interesting to know who his backers are - although we are unlikely to find out the individual identities behind any frontmen.
 
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