Group 'close to buying Liverpool'

Huang Liverpool bid explained

Syrian businessman Yahya Kirdi says his consortium of Canadian and Middle East investors is in the "final stage of negotiation" to buy Liverpool.

The group claims it has agreed terms with current owners George Gillett and Tom Hicks and is negotiating a purchase agreement with the Americans.

Meanwhile, Chinese investor Kenny Huang has admitted his interest but said he had made no formal bid.

It is understood as many as six rival bids were submitted last week.

Kirdi, who is now a Canadian resident and represents the Canadian-based group of investors, said: "Agreement has been reached on all major terms including the purchase price, repayment of the existing bank debt and financing of a new stadium in Liverpool's Stanley Park.

"A formal purchase agreement between the parties is in the final stage of negotiation."

Kirdi promised that if the consortium was successful in its bid, money would be made available to Liverpool manager Roy Hodgson.

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He added: "With additional money to improve the squad and financing in place to build the new stadium, LFC will be on a solid foundation to compete in the Premiership and in Europe for years to come."

Hicks and Gillett put the club on the market in April, with Liverpool's main creditor, RBS, owed about £237m.

Martin Broughton was brought in as chairman to oversee the sale process and is hopeful a buyer can be found before the transfer window closes on 31 August.

Huang, who is the head of Hong Kong-based investment company QSL Sports Ltd, is thought to value the club at around £325m.

A statement issued from his Hong Kong representatives said: "Mr Huang would like to emphasise that he has registered interest in investing in Liverpool FC but has made no formal bid."

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