Twist in Reds takeover

Last week Hong Kong-based businessman Kenny Huang decided not to press ahead with a deal for the club as the Anfield outfit are desperate to be rid of American owners George Gillett and Tom Hicks.

“The overseas buyer we represent has completed due diligence. A huge amount of work has been done,” he said.

“It is none of the groups mentioned in the press. The ball is now in our client’s court to make an offer.

“I do not think the deal will be done before the transfer window closes this month, but the next pressure point is October when some of the RBS loan of £237million has to be repaid.

“It may happen then. But in the present climate these things are impossible to predict.”