Chinese businessman Kenny Huang has withdrawn from the bidding process to take over Premier League club Liverpool, read a statement issued by his Hong Kong representatives on Friday.
US President Donald Trump and Chinese President Xi Jinping began a crucial two-day summit in Beijing on Thursday, with both leaders signalling a desire to stabilise relations between the world's two biggest economies despite deep disagreements on trade, Taiwan, technology and security issues.
US President Donald Trump met with Chinese President Xi Jinping in Beijing to discuss trade, technology, Taiwan, and the Iran war. Xi Jinping said that 2026 will be a 'historic, landmark year' for China-US relations.
The Chinese government is believed to be behind a bid for Liverpool Football Club. According to the The Times, London, China's overseas investment arm China Investment Corporation (CIC), is funding a bid fronted by sports tycoon Kenny Huang for one of Britain's biggest sporting names. The debt-laden club is expected to change hands this month.
Chinese billionaire Kenny Huang's interest in Liverpool is a pointer to the fact that the ownership of the EPL clubs is more likely to change hands frequently now than ever before.
Liverpool's future still looked uncertain on Thursday after one potential investor denied an interest and the financial backing of another was called into question.
